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Gold/Mining/Energy : FLC Falcon Drilling

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To: Donald L. Dominicci who wrote (44)2/28/1998 5:55:00 PM
From: Lee Fredrickson  Read Replies (3) of 461
 
Donald-

Tried the link you posted, and it seemed to get me to Schwab
but not much further..seemed to know I am not a subscriber.

'Strictly...' was an active thread until back about last Sept.,
when the sector got to be a momentum darling, and then took
off to the point that it's difficult to hold a day job and still
keep up with it. The (I think) great fundamental situation in
the energy sector keeps people interested, but since October
the group psyche has followed the sector's volatility with
some pretty wild gnashing of teeth and pulling of hair.

I've held up pretty well, clinging to supply, demand, and
fundamentals, but this last week's rumors and price action in
FLC have got me wondering if it might not be time to get clear
of Falcon until the merger dust settles. Would hate to sell,
as I think it's going to do well LT, but Baird makes a good case
for RIG. Diane or mph's call to IR didn't sound like, short-term,
FLC's share price will be stellar.

Am very willing to hear any and all comments on the above.

Lee
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