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: mph who wrote (18998)	4/14/1998 12:24:00 PM
From: rocklobster	Read Replies (1) of 95453

MPH, During the last rally which we had in late March, GLBL outperformed FGII. I Bought FGII because I felt that they were both strong companies and that since FGII hadn't hit its resistance at around 34 that it would continue up. I sold some FGII and switched into GLBL last week because FGII had made up a lot of ground and GLBL had fallen back to its support. They both are fabricators and they both have tons of cash and GLBL has a dynamite looking chart with a very predictable uptrend over the last 3 months. Also look at GLBL daily chart and there's almost no overhead between 19 and 20 leading me to believe that if it can move cleanly through 19 that it will rocket straight to 20.. Lots of overhead in the 20-21 range and I already have a sell limit in at 20.25 BWDIK <ggg> I believe that if we get a strong OSX rally that they will both take off. I still have some FGII and am looking for at least 34.5 before I sell. Best Investing to you Later, Richard.

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