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: Think4Yourself who wrote (61771)	3/8/2000 11:33:00 AM
From: SliderOnTheBlack	Read Replies (2) of 95453

"Q" - KMG & VPI ? better late than never (VBG)... "Q" you are an original..."cant believe I never noticed this one before" Message 13088793 <<If you really want to get bullish - read the news link on the Reuters Wire yesterday from Deutsche Bank on KMG; they revised earnings upward .50 cents AND talked about the huge accretive nature of their recent acquisition which could make their earnings going forward look like MT. St. Helens. KMG screams thru $70 by May 1st imo. - $95 price target will also be seen by year end = a double,or 4-bagger on margin...>> Message 13087569 <<..."Last couple of days buying KMG BSNX ...">> You would have loved KMG in the mid $40's, but KMG has a long, long way to go and VPI was a "story" around $9 7/8ths - but, here for VPI ? ...Ohh by the way Mr. Happel - re: SII BJS CAM - (VBG) ? Not a bad day to flow with the mo to the downside in the OSX... Margin is a double edged sword folks - anyone on max 30% margin maintenance just saw 18-20% of their capital wiped out today; and what happens if we go down another 5% - which is yet another 15% capital reduction on "max margin" ? MeThinks there is quite a bit of "MARGIN BULLSHITTING" going on fwiw... because there are quite a few people buying the run ups and getting killed on the retraces... anyone on "max margin" who is NOT selling continually is getting killed on the whipsaw volatility... THIS was simply an IGNORANT environment for ANYONE to be margining OSX plays - ignorant... ESV is priced the same at its peak cycle valuation on the prior run with earnings - oh about 20 times what they are today for example... unbelieveable that so few saw this as a no-brainer profit taking opp... Lots can happen in the next few weeks - If OPEC were to go 3 M boe - and we get another API build ???? = cash. The smart move would be to be maybe 65% in - no margin in core major names and wait for the dust to settle. This is NOT an environment to be risking the tremendous profits made of late... Ringing the register yet today, shorting a few and back to 65% cash in majors, mini's, integrateds and non-margined on E&P's... waiting for blow off traders here - then, I will use margin to leverage that bounce, on positive API's, or OPEC posturing... Yellow Flag is out folks - be carefull out there...

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