Friede Goldman: FGI (formerly FGII) Message Board

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Gold/Mining/Energy : Friede Goldman: FGI (formerly FGII)

FGI 9.740

+9.4%

1:17 PM EST

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To: Goinlong who wrote (9)	12/31/1998 5:54:00 PM
From: SAMS BONE	Read Replies (1) of 75

Long.. there's alot of cash sitting on the side lines right now just waiting for the tax sell off to end I think all of the sellers of oil drillers are done,& the write offs booked. oil services have been beat up the worst this year so they stand to benefit from the "no where to go but up" crowd not to mention most of these are selling for 40% to 70% of break up value hence the consolidation moves we've been seeing in the sector look for 30 to 50 percent gains over the year in this sector john

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