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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: ItsAllCyclical who wrote (52116)9/29/1999 1:45:00 PM
From: double-plus-good  Read Replies (1) of 95453
 
I have to agree with Jim and KL,

the producers are the no brain buys at these levels. While i don't have the courage to go on margin, i think KL's portfolio should really knock the lights out come 4 weeks. APC, though not widely discussed here and not currently a favorite of the street has a very impressive reserve portfolio and mangement record. On sale yesterday below 29; didn't get filled on my full option wish list but got what i needed.

CRK is looking about as sweet as any in my trading list. Pop to 6 or 7 looks like a gimme. No volume lately, buying or selling. The money will be pouring in for CRK on a much more appreciable basis come the end of the month. Who says the street looks forward? Damned Wharton graduates are padding their bonuses and ignoring the fundamentals, especially among the producers. Cheers to the wily hedge funds who saw the weak-kneed money mangers willing to sell APC down to 28. Made some good short money and now making double on the way back up.

How can the light not be green for these stocks. they are sitting in a very sweet spot. CHK is only spitting distance ticker wise form CRK and i bet they are kissing 7 lucky before you know what happened.

++good
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