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: Winkman777 who wrote (56591)	12/9/1999 3:40:00 PM
From: SliderOnTheBlack	Read Replies (3) of 95453

I'll take a margined 22% return daytrip on BHI - out & kept a few zero basis LT shares... Did not get crazy; but imho - this "IS" a Big 3 Oil Svc Co. - that made it different. I made a couple of calls - everyone knew it was going to get dumped; but the word was because it was NOT across the board accounting irregularities - they would NOT get permanently abandoned and there was strong expectations on the street that long term oriented Big Money would be all over this. Bought some more PXD with the profits as well sub $8 is a gimmie - PXD balanced producer & had really hung well - as one of the strongest & last E&P's to fold. Imho the OSX is correcting down to come to fair value with the E&P's - I am still vastly overweighted to E&P's and Crude Oil leveraged, or balanced producers within that subsector. Waiting on FLC, UTI, RIG, SII, GLBL, to come down a little more - and allways watching WFT CAM ESV - but, they aren't gifts here. Still keeping some cash & buying power for the next "BHI" blow up... Thanks again Oilpatch Gods... Better to be lucky than good of late... anything anyone does logically isn't working, or getting rewarded anyway; may as well keep the rabbit's foot hanging over my monitor (VBG)... Anyone buying anything today - or waiting for more retracing ? Service/Drillers are close for me - but, not quite yet...

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