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: Big Dog who wrote (7571)	1/11/1998 5:28:00 PM
From: RGinPG	Read Replies (1) of 95453

I had dinner last night with one of the execs at Friede Goldman (just a social gathering). I couldn't help but bring up the current trouncing in his company's stock price. He said some interesting things, and then we all went to see a movie (Titanic, I hope that has no significance). He mentioned that he has been telling friends and family to hold on to their stock, and to buy more now if they can. The significance of this may be small, since this guy loves his company. But he also said that these incredibly low prices have left a lot of companies open for takeover possibilities. He mentioned the name of another company that they were becoming very interested in purchasing. I can't help thinking that 4 mths from now I will be kicking myself for not mortgaging the house to buy some more of this stock. For now I will have to be satisfied buying on margin instead. Any ideas on the best way to purchase shares tomorrow? I'm hoping they tank on the open and I can get some bargains. How about puting in step down orders at 22 21 and 20?

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