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: paul feldman who wrote (58523)	1/14/2000 1:43:00 PM
From: SliderOnTheBlack	Read Replies (2) of 95453

Paul - gotta trade what you know best... I dont know tech that well - besides; there HAS been lots of money made here and will continue to be: UTI quickly comes to mind and is a near 5 bagger from its low for example - I caught a portion of the middle run, but own many E&P's like OEI UPR PXD XTO from the old bottoms & have some longterm account holdings in some small caps at their Jan -Feb bottom levels . BJS is up over 200% from its low of late 1998 etc. While these companies are not getting Qualcomm type headlines; there have been some ".com" kind of returns here. Paul - on FGH we aint fighting teenies; we are playing a $5-$7 range for a 40%+ short term trade. The tic by tic is VERY important, in fact it is paramount to trading FGH right here. Again, we will see $3/$4, or $7/$8 FGH within 2 weeks imo. The tape tells me right here, right now that we may see $7 and I stated earlier why - for purely technical reasons and short covering. I am less than enthusiastic, actually quite bearish on FGH's fundamentals for the next 12-15 mos - but, their NAV and their short position, especially those who arrived here of late; presents a greatly profitable short term trading opp imo. Only time will tell - but $5 to $7 in FGH is the same as a 150 point move in Yahoo after all... and highly more manageable imho. Worst case is a 15-25% move - hardly peanuts imho. I'll look to rolling out of FGH with a 15-40% short term profit, hopefully catching something like BHI at $20 on a retrace etc. FGH offers as much volatility here within days as the OSX does within months potentially. UFAB now up 18% x 50% maintenance/2:1 margined = 36% return in 4 days, or so - $5 7/8th to $6 7/8ths - and I am holding... so Paul, lots of nice opps here; especially if you can roll from one to another.

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