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: Bazmataz who wrote (22495)	5/20/1998 1:47:00 PM
From: rocklobster	Read Replies (1) of 95453

I'm probably not a buyer today. Although I've been looking to get back into FGII. The whole sector has been in an unjustified uptrend, IN MY OPINION. that's why I shorted GLBL just before its massive breakout a few weeks ago. I am convinced that with the MASSIVE GLUT of oil, that we will see lower prices across the board on all these stocks. the uptrend, IN MY OPINION was predicated on a floor and uptrend in oil which we have not seen. I think these stocks will get cheaper although I may buy some on the way down since I have become painfully aware of my inability to correctly time the market. I sold my last FGII at 35 and change on the way up last time so buying it back now at the same price would just prove this time that buy and hold would have been better. To top it off, I put my FGII profits into some losers so I actually would have been better off just holding FGII. Later, Richard

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