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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: NucTrader who wrote (17557)4/1/1998 8:04:00 PM
From: rocklobster  Read Replies (5) of 95453
 
All you buy and hold types will get a kick out of this .

I sold all my FGII today at 31 when I saw the price surging on light volume. After I sold, within 1 hour over 240,000 shares changed hands and stock kept going so I put in a limit buy order to buy it back and got it back at 31 right at the close.
Keeping my brokers happy at least.

The interesting thing is that FGII was BID 31 1/8 ASK 31 1/4 when my limit purchase was filled at 31. Really makes me believe in using limits. Also, earlier when I sold at 31, FGII was BID 30 7/8 ASK 31. How bout that.

Later,
Richard
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