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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: waverider who wrote (19174)4/15/1998 2:33:00 PM
From: rocklobster  Read Replies (3) of 95453
 
Diamond,

SELL SELL SELL FGII

I was holding FGII in January when it was at 28 1/4. I wanted to see my $4 dollar profit turn to $8 and then SLB reported after the close and missed by one penny. The next day my $4 profit was a 50 cent profit because FGII went down to 24.5 before rebounding back.

I think the Street is just looking for any reason to punish this sector and any slight bad news will be dealt with harshly.

I hope we don't get any bad news but up and down seems to be a reality in this sector right now. Anyway, So far I am very happy as my GLBL sale at 20 1/4 was only 1/8 off the top for the day. I may buy back if it goes low enough or trade it for a job on the internet. Although I haven't owned any internet stocks yet, they sure do look interesting.

See Ya on the Rig Hydrocarbon

Later,
Richard
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