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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (51460)9/20/1999 3:22:00 PM
From: Andrew Brockway  Read Replies (1) of 95453
 
Slider, more FGI

The real trade here is not my "short" from $11 1/8th here... maybe I make .75 cents, maybe $1, maybe $2

With respect, I don't get it! You're always one to talk about opportunity costs, why would you even mess with shorting FGI? If the "real" trade comes after the short, why risk the short? If $2 from the short materializes, you've made 18%. So, for 18% you're willing to short a highly regarded company right in the beginning of a powerful industry recovery. Every day you hold the position, you're a day closer to that new order or positive merger spin announcement. I'm not saying that a simple press release will run FGI back to $15 overnight, and I'm sure if the situation changes you can cover your short before any losses. How long are you willing to hold this position? Surely it doesn't make sense to flirt with FGI while our beloved MEXP is running to $4. Doesn't seem worth your while. Risk/reward?

Your analysis of FGI's situation has been great and probably on the money. But right here, right now.......I'm not with ya on risking it for 18%. Hell, I'm happy to watch you make that 18% just as long as "ProphetDog" gets me to $18 by Christmas as promised.

Regards,

Andrew
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