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

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To: SargeK who wrote (63531)3/31/2000 10:24:00 AM
From: SliderOnTheBlack   of 95453
 
Sarge re: FGH

Excuse the typo - "K" vs. "Q"...

The technicals are real interesting - bands very tight; but that signals only a "Break out" - not the direction.

I've kept only a marginal, small position. The "K" raised more questions than answers for me.

Potential for 50% move in either direction still exists.

Lingering questions remain, liquidity constraints - timeliness of negative to positive cash flow , new orders ?

I'll merely watch the tape here; the signal I am watching for is some 10-25K blocks in either direction.

The conference call and the questions & tone from the analysts will signal the direction this takes - still high risk & the yellow flag remains out imho.
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