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: MARK BARGER who wrote (4256)	12/2/1997 5:31:00 PM
From: Lucretius	Read Replies (1) of 95453

I think you're still buying FGII at a signif. premium even at this point, whereas NE is a steal, but then again I own NE. Nice action today. Like what I saw in HAL and SLB. There is the possibilty that we could snap back without the long basing pattern of last year. I don't think the probability is high, but everyone seems to be looking for basing action. Too many in my opinion. How many people and fund managers have you heard say "I'd love to own the drillers and have no doubts about the fundi's, but I don't want to catch a falling knife. Well, the knife might have hit bottom today. Sure looks like it. All I'm saying is don't be so eager to dump your stock or sell calls and buy puts looking for a drop back to low levels, it might not happen, and then all this pain would be for nothing. Thean: did you pick up any NE today? I don't think you'll every see 26 even if we do pull back again. good luck! -Lucretius

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