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: ramcc54 who wrote (58176)	1/9/2000 8:18:00 AM
From: SargeK	Read Replies (2) of 95453

AS PREDICTED: The Red Lights are TURNING GREEN Robert McCutchen: Q - "Do you think we have much chance of retesting some of the lows say 6 1/2 again?" A - There is ALWAYS that chance. I DON'T think we will see the SIXES again. (I sold 2500 shares @ 8 1/16 Friday and bought back 2550 a short while latter @7 7/8)Tax selling is OVER and the Company is expected to make an announcement in the next few days covering several topics. The vessel contracted for China (previously released by a sub-contractor) is likely to be one topic, new business another and status of merger integration process, another. On the technical side, this chart: quotes.barchart.com was 100% SELL (short, intermediate and long term), just a couple of weeks ago. One short term BUY was triggered Thursday, joined by 3 more on Friday. The FIRST intermediate buy was also triggered Friday and Sell signals are being replaced by HOLD. I view this as VERY BULLISH, others may interpret any way they want to. By the time, the signals are ALL flashing green, the stock will have already made a significant MOVE upward. I WILL CONTINUE to hold my core investment in FGH and CONTINUE to trade 15 - 20% to pick up a few additional shares on the way UP. Good luck, SargeK

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