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: Wowzer who wrote (65465)	4/28/2000 3:31:00 PM
From: SliderOnTheBlack	Read Replies (2) of 95453

Rory; re: TX = I'll tell you how much I like it - did 1K @ 48 3/4 That's as big a trade as I ever do - it's a no-brainer imo. Their only weakness was downstream refining margins - which were imporving late in the qtr and will continue to do so. TX absolutely CRUSHED the ball on this qtr - huge upside surprise - rumors are a certain Mr. Soros - via Mr Druckenmiller - who was by the way; the infamous dumper of MDR originally pushing it under $20 (his only smart move) - is dumping... Soros liquidating TX.... could be a $3/ 5% freebie trade - I leveraged it 2:1 here in my margin acct - looking for a nice $5K - 10% "bounce" here - this has to be as low risk as anything in the market.... classic trade. I just took profits on some major mo-jo in tech - I had 5-6 stocks up 10% + including my 2 major positions in VTSS & GMST... scared me - 10-15% x 2 times margined one day moves - now spun into the oldest of old economy stocks - TX.... at least I will sleep well this weekend with the Star of TX in my thoughts.... hell, I'm going to go fill up at the closest TX tonight for good luck (VBG)~ Well, at least I "new-aged" leveraged it - should of bought calls .... This is a $70 stock once the market belives $22+ Oil is sustainable... also, betting for the bounce on the rumor that Soros fund is dumpin'

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