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: BigBull who wrote (64768)	4/17/2000 12:57:00 PM
From: SliderOnTheBlack	Read Replies (7) of 95453

Bullsky - perfect market to "average into" vs. waiting to call an exact bottom imho... Nothing has changed fundamentally for the oilpatch stocks - FLC ESV RIG - pick a driller, throw a dart; if you are out here - gotta start averaging back in here imho. FLC - enter here, sit at $15 7/8ths for the next taste, PGO here, then $12 7/8ths , RIG here , then $38 etc. Actually anything much less than OSX 100 and I wait to just leverage with calls at OSX 90-92ish if seen. "Q" - we agree to disagree; I merely think that the valuations have tilted back to favor the driller/service plays vs. the E&P's here. I bookmarked a chart on March 6th - OSX was 108, now down 8% and in that same time the E&P's are up 20-30%. That is all I wanted, I'll flip-flop back to the OSX names here - sell the "pop's" (the E&P one we just had) and buy the dips - (the OSX presently) - this is so crystal clear and has worked so well - that it isn't even questionable to me ~ so it is written, so it shall be done...(VBG). I got lucky; closed out one broker acct early last week & had them mail me the check; wired the funds friday after the market close to my new broker and now get to re-buy both tech & OSX. I still think that OSX 100 holds.... stocks bouncing off their intra-day lows here on institutional buying. Small caps a gift - weak handed invidual investors getting margin called - KEG FGH lead that list... FGH - thanks to all the Yahoo's who wouldn't listen and are now margin-whipsawed once again...

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