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: A. Geiche who wrote (51210)	9/15/1999 4:35:00 PM
From: SliderOnTheBlack	Read Replies (3) of 95453

Geiche; FGI was allready getting killed, before I posted a word Go talk to the insiders if you have a problem... yes; estate planning, gifts to children etc.... they sure as hell have lots of explanations - but; NO INSIDER BUYS ??? ...folks; those types of transfers are often done, as they allow the holdings to be sold, or shorted as a hedge more easily. This does not necessarially mean that is what is happening with FGI stock; so for the sake of arguing - I'll give you the fact that FGI has more "conincidental, more easily explained, "Selling, transfering, disposing" of Insider Shares - and to a percentage of the float; than ANY other Oilpatch stock I know of ??? It's the total absence of insider buying here - that is even MORE of an alarm bell than the insider selling, transfering, disposing of... - or any other name that you want to give to what it really is ! No institutional support/ownership of any degree relative to its peers. No insider buying The sector is up nearly 70% ytd and FGI is dead in the water... And "I" have an active imagination ????????????????????? C'Mon Boys - let's get out of denial ! Someone explain why this has dropped from $18-20 to $11 here right into the turn around of the entire sector ? Why has FGI literally become the posterchild for lagging here ? If insiders will not buy a once $48 stock at $10-$12; why should I ??? Geiche, hang in there;this will be a nice bounce play shortly... $9 back to $12 could ultimately be 30% for someone (VBG)... ... when and if the insiders start buying and buying big; then and only then does FGI become a longterm "BUY" versus just a trading vehicle...

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