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: Czechsinthemail who wrote (23861)	6/11/1998 6:08:00 PM
From: SliderOnTheBlack	Read Replies (3) of 95453

Baird; I love TCMS, however I have an eerie feeling that there may be something in the ''woodpile''. Cancelled contracts, something financial...? I can' t help but feel that the 4-5 TCMS longs on this board are the only ones buying! With this growth rate, market niche, strong fundamentals of selling for below book and substantially less than 1 times sales; new barge acquisitions etc. - why hasn't someone stepped in to scoop up what literally appears to be ''THE'' bargain of the century? We have a stock that with $18 oil, conceiveably could go up 5 fold to $35 ; its selling for way, way less than 1 times sales now ! It just doesn't make sense - makes me think that the institutional guys know something is up...? However the reason I'm NOT selling is they are buying barges, making new (non-core) executive appointments etc. - none of the signs of a company that is in trouble. Bottom line; I'm holding some cash for a margin call if we see another 10% drop; as I do NOT plan on selling anything yet. I just don't see this as a good time to bail out - with the very real possibility of a positive reaction to OPEC's meeting being so close and Q2 earnings due out soon as well. I would gladly carry the margin expense for a year if this sector stays flat or within 5-8% of where we are now; the upside of just retracing to the April/May highs , let alone prior 52 week highs supports patience and a solid hold during this selloff. I think we will show a record jump in short interest in the oil sector when numbers come out. If TCMS has a decent Q2 - I'm buying all I can, as I see no stock or company with greater upside as a percentage return on investment in the oil sector. PS - I now think EVI is the ultimate no-brainer at sub $40,- down 10% in one day !?!? - this is ludicrous... I wish I had more money - If I could ''trade'' individual stocks within my 401K - I'd buy all the EVI I could.

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