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: Big Dog who wrote (33420)	12/23/1998 11:25:00 AM
From: SliderOnTheBlack	Read Replies (2) of 95453

Big Dog - you're on a roll !!!! ie: .... ''the balls to buy....'' << The people that have made money are those that have had the balls to buy rigs when no one else wants them and hold on until someone does want them. >> I'd add ''Stocks'' to Rigs as in; the people that have made money are the ones who had the ''balls'' to buy (STOCKS) when no one else wanted them.... Amen Brother ! ie: FLC & the oilpatch. Imho; make that in my ''very'' most humble opinion; the high debt/leveraged companies who do have a solid cash flow basis to ride out a prolonged downturn are ''the'' best buys'' here - as they have had the most dramatic emotional over-reations and have been over sold. Anytime a ''catch-word'' becomes the parriah-stamp for a sector; ie" ''Debt'' in the Oilpatch; it tends to be oversold... as such; I am buying FLC as both a short-term trade and a longterm value play. Some very interesting moves in E&P stocks today; short covering & good news; Natural Gas market is going to surprise many, many folks here... RON looking good, I see some wanting to beat the crowd when the tax loss sellers start becoming ''January Effect'' buyers here real soon... We've handled all the bad news rather well here; we are showing solid support and spurts of buying here; I am much, much more comfortable in this ''bottom'' than the 200-300 I've called prior <VBG> ! good luck all - I'm going to buy me a damn new Ford Expedition for my Birthday this summer with my Oilpatch profits and I think SargeK deserves a new Boat as well; - I can ''feel'' the winds of change here.... I still say 20% + in the "January Effect'' alone is in the bag imho. Short covering here will be huge...come La Nina's Arctic revenge... OSX 85-90 + by the 4th of July.

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