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 (60704)	3/7/2000 2:51:00 PM
From: SargeK	Read Replies (3) of 95453

The Devil made me post this!! Slider: "DUMP ALL FGH NOW ! - DeepH20xSgtK re: FGH - well, I tried telling you guys fwiw" siliconinvestor.com and: Slider: "Someone in Tyler go check on DeepH20xSgtK - because he needs to be on suicide watch imo..." Message 12938541 and: John Q Public: "Hey Slider, try not to pick on Sarge today please. I suspect he is in real pain today, judging from the price of FGH stock. I may buy some when the margin calls hit." siliconinvestor.com Contrast the above with: SargeK: "Announcement of Losses-- Finally, the Company has assessed FY/99 losses. In today's release, losses for FY/99 were estimated at $1.06 - $1.14. Book Value reported by Merrill Lynch (Sept 99) was $7.38. As a result of the announcement Book can be estimated as $6.24 (Dec 99). While the amount of the expected loss is not welcome, it DOES clear the air by providing WELCOME informational updates. "The Company believes, based upon current estimates, that all of the earnings impact of unprofitable contracts as well as merger-related expenses have been provided for in the quarter." Sell of the yacht segment will reduce DEBT and interest expense. "The Company anticipates significantly improved financial results for the current year." With a disastrous 1999 behing them and WITH improving market conditions and tax loss carry forwards (from the '99 losses), the Company will likely report positive earnings for the current quarter and IMO significantly increase earnings going forward. I believe the abrupt, morning sell off (following the release) is emotional and that 5 3/16 will mark the beginning of a significant UP trend. FWIW" quicken.webcrawler.com FACT: FGH UP 42% from the 5 3/16 (emotional) sell off on Feb 22d!! Chart: (Enter 2/22/00) bigcharts.com. 2%2F22%2F00&x=17&y=20 FACT: FGH 146% ABOVE the target price of "3" forecast by U KNOW WHO! FACT: ON Feb 22d this message board was FULL of DIRE consequences following the Company's announcement of 4th quarter losses. FACT: With FGH briefly hitting 7 3/8, TODAY, FGH critics are noticeable quiet. That's probably a good thing! >g< Good Luck Longs SargeK REPEAT: "I believe the abrupt, morning sell off (following the release) is emotional and that 5 3/16 will mark the beginning of a significant UP trend. FWIW" Check the statement against the chart!!!!!!!!

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