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: ItsAllCyclical who wrote (52204)	9/30/1999 3:27:00 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

HYPE POLICE - arrest Jim L ! - just put the shackles on him now (VBG) ! Man... first the pump for you APC "calls" - now the RRC IR rep gave you nonpublic info ???? you're shamelss...(VBG). No I did not get my RRC at $4 7/16ths - allmost jumped at $4 1/2; but; I've successfully traded it 3-4 times this year; if I miss it; I'll patiently wait for a retrace; or am looking at CRK (soft here) as a replacement; and I am buying more EEX with the RRC $ - actually; at $3 & under; EEX has more upside in 60 days, or so than RRC perhaps. I did real well on the blow off here - have GLBL & OEI as 42-45% of my portfolio; MDR & UPR total about 25% here, and have nice positions in ESV, a few others; and I really like PXD; got a piece under $10, EEX buying large into this selloff; flipped most for a 10-15% quick trade earlier; I bought at $3 1/16ths this am and will sit for $2 7/8ths if seen. I will loose "zero" sleep on this one... I trust the #'s and this will certainly see a quick bounce of 15%-20%+ to the high $3's; I think we see $4 1/8th in weeks - not a bad little trade; I'll sell enough to where what I keep has a zero "cost basis" as EEX with a single prospect hit can be a $10+ stock. If we see a GaryB - E Wave retrace; I have FLC and more MDR & GLBL as my fav's here if we retrace below this weeks blow off levels...PXD is going to hit $12-$13 ish and is a safe play - like OEI; it traded in a straight line along $11 for months. A big 800K block sold today and buyers stepped right in strongly... a good safe play here. I also hope PGO does a retrace if the buyout rumors do not pan out...love it as well.

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