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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: dmccoach who wrote (27083)8/5/1998 11:06:00 AM
From: marc chatman  Read Replies (3) of 95453
 
Dan, I don't know how much of FGII is institutionally owned, but it used to be one of those stocks which individuals would play for the big, speculative gains, often buying on margin. If things are the same, we are seeing some margin calls, which create a viscous cycle of selling.

Oh, I almost forgot, FGII is selling at an outrageous PE of nearly 20. That could leave a lot of room before it gets whittled down to the industry average.
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