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: SliderOnTheBlack who wrote (55348)	11/24/1999 11:22:00 AM
From: SargeK	Read Replies (3) of 95453

From a YAHOO Poster and a Response to Slider messages.yahoo.com “fight the bubble psychology by: bmillan 11/24/1999 10:25 am EST Msg: 292 of 294 FHG is a stock with realistic chance to triple within 18 months. that is not 'dead money', that is a fabulous rate of return! be patient. current myth (bolstered by two year's experience of the Internet sector) holds that investors should expect returns of 10 percent a week. ridiculous! forget the hype. everything regresses to the mean. 10 percent is a good average return for a YEAR. today's market (especially the IPO first day pop's for stocks with no earnings) is a classic sign of an aging bull market. at the very end, the most speculative stocks are the last to stop rising. oil and oil service is not only the best sector to be right now, it has the potential to be a refuge when the larger market actually drops next year and high tech investors are down 20 percent or more for the entire year. buy and hold OSX for at least a double. trade them a bit perhaps for day to day fun (if you like that sort of thing and have the experience to do it), but don't worry about minor bumps in the road. IMHO.” FWIW - Slider: “... my .02” You're reading my mind again. That is exactly what I think its worth. Slider: “still heavy short interest” Fact is short interest has declined over the past month from 2.759m shares to 1.877m shares (per Barrons). Slider: “I am not going to argue with anyone about the ultimate necessity of newbuilds for deepwater; but the timeframe and the environment for the financial feasibility for such construction to occur - seems to be totally ignored by folks here imho.” You (like others) continue to ignore the lead time for building a deep water semisubmersible. Capex is being increased in light of continued uptrend in the underlying commodities. This money will be flowing into this sector sooner than expected. Many expected orders were merely delayed (according to J.L. Holloway). I believe him. It is your prerogative not to. Slider: “My thought is that RIG will virtually have to be about a $50 stock before FGH can be a $15-20+ stock...so if you believe in deepwater nearterm - why not play RIG vs. FGH !?!?!?!” What's wrong with playing them both. Works for me. Slider: “Maybe I am wrong”. That also works for me. Happy Thanksgiving SargeK

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