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: SargeK who wrote (60470)	2/17/2000 9:58:00 AM
From: SliderOnTheBlack	Read Replies (2) of 95453

<<FGH new purchases - no longer marginable >> hmmm !!! ??? ...Like I said; just wait for the loooooooooooooooong delayed release of Q4 and the first glimpse of charges and merger related ramifications. Charges, asset divestitures,14% Institutional Ownership - brokerages starting to make it non-marginable & "some people" still do not see the writing on the wall ? Anyone still remember HMAR ? Remember where HLX was heading ? What is FGH's shareprice telling us people ? 1 Million + shorts have made the largest hit in the market - shorting FGH and STILL HAVE NOT COVERED !?!?!?!!? - hello ! JL went public at the right time & in the right place in the cycle; but he may have taken on HLX (did he have a choice - was HLX merely a life raft ?) at precisely the worst time and at the wrong place in the cycle... We shall see. Bottomline - so many plays with much, much less risk and equal if not superior upside. - WHY BOTHER WITH FGH - "HERE" ? FGH "if" they pull out of this; then may become a great play - make them "Show us the money" - first ! - end of discussion. ... anyone who would trust, or act on ANYTHING coming out of FGH - is a complete idiot imho.... Could FGH's IR track record possibly be any worse ? They touted "good news" coming - right before the got decimated in the crash to sub $5 ? - and you want to "buy in" to their nebulous ineundo of hiring here ? - that hiring is bringing back laid off workers for the Ocean Rig project put on hold - prior to this recent settlement. - get in the real world... Getting the story/truth, the whole story/truth and nothing but the truth from FGH is like pulling a wisdom tooth from an elephant without anesthetic... FGH down hard today Sarge - 290 asks vs. 20 bids as I type... here come's the $5's... retest $4 7/8, or new low as the bad news expectations of the loooooooooooooong delayed Q4 release slowly leaks out - add to the move to non-marginability here ?!?! Caveat Emptor~ folks... simply - WHY BOTHER ?

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