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Gold/Mining/Energy : Swift Energy (SFY)
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To: FloydP who wrote (1158)9/5/2000 5:54:39 PM
From: Mark  Read Replies (1) of 1602
 
Well, a somewhat lacklustre day compared to expectations, but I'm not surprised. (Though am still positive).

SFY is quite aggressively managed, but presents a VERY conservative front. In this respect, the role of the analysts are quite significant. (i.e. SFY are savvy enough to simply present the facts. It will take the analysts to convert this into passion).

SFY now has a market cap approaching $700m. It is a company that therefore needs significant trading volumes to drive the price. We had more than $13m of trades today, and the stock moved by about $1.50. Yes, I'll concede that the convertibles may contribute towards a brick wall here, but I think that all we need is some enthusiasm from the analysts to allow us break through it. Furthermore, given the technical nature of the reports SFY are making, I doubt that many of the analysts are sophisticated enough to understand what SFY are saying. (And I'm not just talking about the sell-side analysts here; I think any analysts on the buy-side will need a few days to assimilate this and talk further with the company for guidance).

Basically, all I think I am saying is that I think we will see a slow burn here rather than a sky-rocket...... unless SFY SPELLS IT OUT. (Which would be against their nature).

Mark
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