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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (75132)9/29/2000 4:29:25 PM
From: Sharp_End_Of_Drill  Read Replies (2) of 95453
 
Slider, who loves ya' man? I do.

Rode the GLBL express today from 11 to 12-1/2. Didn't sell so I hope you're wrong about ex-tape painting Monday.

Speaking of tape painting - despite the fund manager's best efforts the Nasdaq had another rotten day. They tried their damndest to keep VRSN up but failed. Next week should be interesting for some selective tech shorts I've got.

ATW? I bought some when it was exceptionally cheap then sold it when it got way overvalued. It's now settled down into the middle of that range so I'm just lukewarm about it. However, it does sell for approx. 1/2 of DO which is the closest match in terms of being a mid-water depth semi-sub company, and about 2/3 of GLM which is also a fairly close match. It's 2/3 FLC and 90% RDC valuation, and 200% PDE - but none of these are pure comparisons.

Their next quarter's results are likely to be flat with Q2 while the jackup companies are going to soar. For that reason I like RDC - ESV and MRL are too rich for me.

The mid-water depth semi market's time in the sun is coming soon, so you may be onto something here with ATW - just a wee bit early.

PGO - not in this lifetime, better places to put money. It may double tomorrow, but I won't lose any sleep - the risks of flatlining for another year are too large.

Isopatch - how about that HGT?

Sharp
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