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: Andrew Brockway who wrote (53688)	10/28/1999 10:21:00 PM
From: SliderOnTheBlack	Read Replies (2) of 95453

< He's a man of honor and probably won't go back on his word.> ... hmmmm; what conflict. Torn between being a man of honor and the "golden rule." ... ie: he who has the "gold" makes the "rules"... or in my case - gets to "break" the rules... Well it still aint Xmas and perhaps I'll have to call Dr. Laura on that moral dilema - when, or if, the time arrives(VBG). PS: I wouldn't call MEXP's demise here... not at all. I would merely call the demise of the fortitude of the individual investors who control MEXP here. One doesn't trade "MEXP" to make money via trading MEXP; one trades the individual investors who are the market in MEXP. But; concerning the micro caps here. When we see OEI at $8 - the upside via margin leverage to just $10 - where it traded in a narrow band here of late, let alone its recent high of $12, or its price target that is presently fundamentally supported at $15+; the upside to MEXP and many micro's just doesn't meet the risk vs. reward profile here if we reach OSX 65-68 levels in stocks like OEI PXD UPR BR NBL APA APC etc... MEXP has to move 50% to equal a margin leveraged move of only 25% in these larger caps; which have 50% upsides to just their recent highs ! SII was trading around $48 here of late; still much, much less than its prior levels at the prior cycle peak. Buying SII on margin at $32-33; you have 50-60% upside just to its recent highs - and that becomes a "double" on margin... Do I fear margining SII near $30 when it traded at $50 weeks ago ? - not. Pick your ponies here; there are contenders and there are pretenders... margin a contender here and you've got some major cabbage coming soon, very soon (VBG) ~

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