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: CpsOmis who wrote (61928)	3/10/2000 1:26:00 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

"Q"/anyone else - ready to buy back some RRC (VBG) @ $2 ? ... You know it amazes me; buy at $1 15/16 - $2ish and if you sell at $2 3/4 - $3 because the technicals turn - taking and locking in a nice little 40%ish trade - then re-buy at $2 again here - that makes you a "pump & dumper" on the Yahoo Network & for at least one other poster here... Funny thing; where I come from that makes you a good trader ? Sitting at $2 1/16 here and $1 7/8ths to buy back what I sold and maybe more at sub $2 for a trade. We are seeing classic individual investor capitulation and some stops being run - no major big blocks - not 1 Million shares etc - amazing.... it's a cheap $2 option/bet again on "Bankruptcy" - unlikely; or $5 for the patient in 15-24 mos... I like the 2.5:1 odds... Bought TX P UCL OXY today - love these biggies... hope P buys ARCO's Alaskan properties... DO is interesting - the valuation gap between it & RIG is very, very wide - DO will close that a bit & looks to be the cheapest driller along with FLC imho... FST & BSNX look like the best laggard buys in E&P land - everything else has moved nicely.

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