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: upanddown who wrote (52174)	9/30/1999 11:08:00 AM
From: SliderOnTheBlack	Read Replies (1) of 95453

Mavis "Woodward&Bernstein"-Scanlon - new EXPOSE ON FGI ...again ! well I'd be happy to furnish a link so that you inquiring minds can get more dirt: messages.yahoo.com messages.yahoo.com Can't post the entire article due to TSC's copyright request not to... but I "can" link to where it is posted entirely on Yahoo. ... and "I" did not post it on Yahoo I am not Mavis I am no longer short FGI - too much money upside elsewhere I have no real ax to grind with FGI I am highly entertained by the incredible emotional reaction by individual shareholders of FGI - it could be a Doctoral Thesis subject on Individual Investor behavior and their inability to accept logical reality into the face of emotional & financial pain... classic, sad, but classic...these guys have ridden this down $8 to $10; how many doubled down - only to get entirely wiped out via margin calls. FGI's blowoff has probably destoryed more individual investor capital than any stock in the 'patch of late. The absolute "blind loyalty" in riding this down is really sad. Even if you believe there is value here - christ; honor the tape and the technicals. Should have got the hell out at $13ish at the worst - and WAIT; make JL show the Street the money. Do what every single institutional investor will do: wait for 2-3 reporting qtrs and wait untill we see new orders and a growing backlog before jumping back on. Sadly' these guys won't learn a damn thing here. They'll go broke, thinking it was some Hedge Fund Short Selling Conspiracy... and they will never look to J&L and Co. and the shennanigans they've pulled here accountingwise per Mavis's piece... lemmings following each other off the cliff here. It's not a pretty sight to watch either... if the merger falls apart; where does FGI go from here ? And a bigger question than who shot JR, is - is "JL" short ? ...short; as in hedged short his inside position. - a "question" and not a statement there folks...

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