Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: BigBull who wrote (49214)	8/11/1999 3:25:00 PM
From: AltLar	Read Replies (2) of 95453

According to Yahoo, FGI still has 10% of its outstanding shares short, that's 20% of the float. At $22 oil these shorts will have no choice but to cover soon. I know many are saying FGI will benefit later in the cycle, but I don't think anyone thinks that they won't benefit. It has a lot of room to run once the shorts capitulate. Larry

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