Hi there, Lucretius et al.:
Well, I must confess that I am quite confused at this point. I feel like Linda Whats-Her-Name in The Exorcist, where her head spun around like a top, finally causing the green goo to spew.
I am partially in cash and have been waiting to re-invest more in this sector. I'm currently holding RB and FLC, going for the combo-play. I think that the two should get a boost after their stockholder meeting to approve the merger, which I believe is set for 12-23. I also have a stake in NE. My husband's holding ESV, which is one of the reasons I took profits on "my" Esv a few weeks ago.
I just can't seem to get a feel for when to jump in and how best to set my limit price. I'd like to buy more NE, for example. I sold my NBR, but think that a position in the land drillers would be wise. Some of this thread have suggested that the land drillers' rates will see significant increases next year. Should I be looking for re-entry to NBR, or perhaps at newer issues like GW or BDI? If so, at what price?
Finally, I keep missing the boat on FGII, and refuse to chase it. Who do you think are the best service stocks at this point, and at what price?
Lastly, you would certainly make my life easier if you would just tell me what will happen between now and the rest of the year. (GGGG) Ooops, sorry, that was to be part of my prayers tonite! Bye and thanks for your help. mph |
