Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Charles Macdonald who wrote (62190)	3/15/2000 1:26:00 PM
From: SliderOnTheBlack	Read Replies (2) of 95453

FGH delay ? Well, I sold my "trading" position fwiw Delays are traditionally NOT good news. Imo, not wanting to start a spamorama food fight with "you know who" - the germane keywords & phrase was: "allow a more detailed discussion" ... as in - "they are expecting quite a bit of questioning - probably the accounting issues, goodwill - charges etc. Quality of earnings is also the issue in the keeping their earlier projected earnings estimates - they marked "UP" to market so to speak their HLX contracts etc. I'm out - too many other buys off of this retrace - I was hoping to get a pop to $7's-$8ish on the positive anticipation of what JL might have to say, or release. Imo - there will NOT be any significant good news - just the same ole re-hash; and from this release - they are expecting plenty of questions. The stocks behavior in this price range - after JL's "all clear" - is NOT bullish imo... I'm out - and going to better risk vs. reward plays with ramping fundies I love OXY here - that huge option bet - the new acquisition - their prior mo support in the low $20's in Jan etc and I love P with their Arco acquisition - this has now made them an monster earnings machine AND a plum to be acquired by yet another Major. UPR & BSNX each will break up 40%ish imo - these I will build margin postions in here for 2:1, or 80% type of trading returns - they will bring home the bacon - bank on it. HAL here - is a must add, own, PGO a gift - look at that gap to VTS here - it will be closed substantially. Adding drillers GLM & FLC here on weakness - plenty of upside to these two laggards. DO close again - near $30 grab it in siZe. re: FGH - Too many other plays here to "gamble" on what the institutions will do off of this delay which is pointing to an acknowledged expectation of lots of questions imo... PS - yes ! those financials did break up a bit didn't they ! FBF is another winner - great foundation stock.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next