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: Chuzzlewit who wrote (10749)	2/5/1998 6:09:00 PM
From: RGinPG	Read Replies (2) of 95453

<<TA>> The following trades I made because of technical indicators (although, without the TA, I imagine I would have eventually bought some of these based on PE's and projected earnings growth). Bought FGII 1/7/98 @ 23.875 (42% gain as of today) Bought FGII 1/12/98 @ 19.875 Sold half of my FGII 1/21/98 @ 27.875 (40% Profit in 8 days) Bought back FGII 1/28/98 @ 25.5 (32.8% gain as of today) Bought MIND 1/29/98 @ 16.5 (15% gain as of today) Bought PTEN 1/29/98 @ 12.375 (1 % loss as of today) Bought TDW 1/26/98 @ 41 (7.6% gain as of today) Bought FLC 1/28/98 @ 30 (3% gain as of today) Bought PKD 1/28/98 @ 11.75 (6.4% gain as of today) Bought EVI 1/28/98 @ 39.75 (22% gain as of today) Bought GW 1/28/98 @ 4.875 (3.8% loss as of today) Bought RON 1/28/98 @ 51.5 (5.1% gain as of today) Bought DO 1/28/98 @ 42.3125 (14% gain as of today) Bought CDG 1/28/98 @ 42.625(5.7 % gain as of today) I also have longer term holdings from '97 in some of these, but the losses would be too painful to post. I think you are more interested in the success or failure of my short term trades based on TA. My long term holdings also include: RDC @ bought(8/18/97) @ 28.5 (1/1/98=30) now 29.25 (2.5% loss from 1/1/98) MDCO @ bought (7/25/97) @ 21.875 (1/1/98=20) now 19 1/8 (4.4% loss from 1/1/98) ESV bought (9/11/97) @33 1/1/98 32 now 30 9/16 (3.9% loss from 1/1/98) My entire portfolio has a 8% gain thus far for the year. My "Short term trading" portfolio is up 21%. Actually, our investment styles and strategies seem to be very similar. I concur with your reasons for buying GLM. HBOC I'm not familiar with, but I will certainly look into it. I'm willing to accept the extra risk from failing to diversify into other sectors (although I do have some holdings in Banking/Finance). I just don't see any other sectors with valuations even close to this one, do you? Have you purposefully stayed away from the land drillers? What is your thinking on this. I'm not satisfied with my reasons for buying PTEN and GW in the face of questions about their ability to hold on to their profit margins.

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