Big Dawg - re: FLC vs PKD - the trend is your friend...
siliconinvestor.com
Depends on when you got in I guess... PKD , I just dont see the earnings upside leverage as oppossed to FLC and their balance sheet - earnings potentential isnt like NBR for example - maybe a technical trade, but in all fairness, I still have not done any serious digging on it - so you guys may well be right that its the star of the future here - I just dont see it on the surface ?
...however - both have significantly outperformed the OSX.
FLC remains the pick of the patch for me - most upside unrealized earnings capacity & still sells at the lowest replacment value multiple of all the offshsore drillers - has the most stacked rigs to yet bring to market, has the most upside to GOM Nat Gas Drilling.
It has also been a daytrader & momenteum fav in the past OSX Bull Runs - I like that.
Cheap speed goes to the front early (VBG) - The Dirty Bird will rule the roost in 2001.
On the moderate pullback I soon expect - I will load FLC - probably some Octoberish calls.
Remember- were going to get Richardson et al calling for OPEC to reign in crude prices via opening up production. The June OPEC meeting will trigger the usual crude profit taking imho - but; then - that will be the "off to the races" rally that we've all been waiting for maybe to OSX 165 by year end.
I think we re-visit OSX 110ish here shortly prior to the OPEC June meeting.
I know I am on the edge on SII BJS CAM shorts - but I honeslty am about 9 for 9 on shorting these stocks over 15 mos - these 3 are the only ones I generally short in the OSX.
Jane - I got out of COVD - I think its a great play once the NAZ bases; I'll wait for a wash out total capitulation bottom - $16ish ? or for the Fed to get the June hike out of the way... I'm a daytrader for quick $1 moves in Tech unless we see a huge wash out, or a huge high volume rally - then I'll jump on for a ride. Untill then - bearish & doing some shorting in high flyer - weak links.
NAZ has to retest its April lows at least imho, I think 2650 gets seen post the June Fed Meeting - then the ususal move thru the fall rally starts. Earnings & growth are still great for most techs - but, the valuations in light of the Fed Hikes is still way, way too high.
SII down nearly $2 allready from intra-day high - its profit taking time folks - lots of the Energy specialist funds are profit takers here... only add value , small caps & laggards if you insist buying... I am holding the balance of my FLC PGO Integrateds - but shorting SII CAM BJS on any $3 pops, or new highs this month.
PS - telemarketer - I think the message of act, not react was understood by most. Of course, one must react to market condidtions - my point is allowing one to get over-extended on margin where you are "acting-reacting" from a positon of weakness, not strength. In following trends too far, one reacts to realizing a mistake is made, vs. acting in advance and exiting a winning / profitable position, or cutting losses before margin leverages it to a non-choice position.
Emotion - again, one can act with emotion, or react with emotion... have a nice and happy day ~ |
