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: Olaf Koch who wrote ()	5/22/2000 9:42:00 AM
From: SliderOnTheBlack	Read Replies (1) of 95453

DLJ downgrades HAL.... Be ahead of the curve here folks... Anyone know what HAL's present earnings are here - vs. the last time it traded at $50 ? Or the composite earnings for the OSX index here - vs. the last time it traded at 130ish ? ...maybe be worth a gander imho. Rotate to value - but keep some cash & reduce margin - for both offensive & defensive reasons... buying opps will follow. NG looks good - but, I'd establish a gameplan here as well - perhaps if margined in NG plays here; I'd take most of the margin profits "off" on any weakness, or into the next 5-7% of upside, then perhaps take another 10% off on each additional 7-10% upside. Any breakouts here ARE profit taking events ala~ Sept 1999. NG may go to $6, its allways possible, it was speculated to have done so last year as well - but, there is one hell of a lot of drilling going to be done between now and heating season. Taking "some" profits here in the high flyers who are at higher multiples & rotating to smaller players with lower multiples - or into subsectors that are lagging the move like the integrated's who are no where near their former highs and with their dividends; also look's good here. FLC & PGO look to be the only 2remaining cheap OSX plays here imo... both with 50% upside in any fall rally thru year end. I'd have them atop my buy lists.

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