TRADE 'EM !!!! the ''Street'' is giving us a gift here once again imho.
I just brought some ''new, fresh'' money to the 'patch and I'm loving another chance to buy 'em real cheap here. We will see once again, another 20-30-50% rolling wave here imho. Time to ''re-load'' - it's just that simple...
John C; no - I didn't get my SDC; not cheap enough ($12-13) yet for me... but, I did pick up RIG NOI PZE(Michael Price's #1 pick) and speculated with FEN today. Barely missed PGO, RON and VTS - looking for a little lower on these 3. I absolutely am falling all over myself on RIG sub $25 --- pleeeeeeze Street; give me some ''mo'' RIG at $22-24 . I may buy nothing else but RIG at $24, 22 and down to zero if need be !
What is this now; - the 4th rolling trading range that the OSX has ''presented'' us with on a silver platter ? This is both a great time for buy & hold investors and traders.
Buy & Holders - this is a great opportunity to buy the sub-sector leaders at Bargain Basement Prices; RIG RON WFT CXIPY PGO VTS FGI - all niche leaders and well respected by their peers for products, technologies, execution and management; and all very, very very cheap ! Sure the high leveraged companies with heavy debt loads like the FLC's KEG'S & FEN'S of the world are in the risk catagory; allthough FLC is a thinking man's leverage play.... But, when one can buy companies - ( and don't forget, that IS what we are buying, or ''should'' be buying here) like RIG or VTS at such steep discounts to a ''normalized EPS'' basis - buy them and hold them; as you WILL be richly rewarded. VTS is a $3-4 EPS stock in a normal Crude Price enviroment; one can buy VTS for a PE of 3-4 based on this basis; and even in a prolonged depressed crude price enviroment; VTS is still cheap at a PE of 7-8 times earnings. RIG is still the ''KING'' of Deepwater - one has to own the niche leaders at bottoms like this imho. RIG is at a PE of 5-6 times ''normalized earnings'' and a PE of less than 8-9 in current earnings.
If anyone ever listens to ANYTHING I ever say; ---> When RIG sells off in lock-step percentage-wise to the other drillers - buy the hell out of it ! RIG is ''the King of the World'' in Deepwater - and Deepwater is ''the'' place to be - period, el finito - just do it !
For trading; simply enter a GTC buy order on RIG & RON at $26 & $24; then enter a GTC sell order at $30 & $32 respectively and you can make ''free money'' trading these 2 for what appears to be the 4th rolling wave here ! - it doesn't get any easier than trading RIG & RON... this amazes me... VTS & PGO keep trading well here as well.
I also like the micro-caps on any further blow off of another 10% here; IIR GIFI UFAB OMNI TCMS etc...
Good Luck all; looks like here through month end - maybe another 10% downside; set limit buy orders; enter in 2-3 buy ins.... and do own some RIG VTS RON WFT in these price ranges !
Hooo - Hahhhh; give me another 35% + ''pop'' here and it's new Navigator time ! C'Mon FGI; you can do it all by yourself; show us that ''backlog'' and run like a scalded dog to $18 !
sorry; I get a little irrationally exuberant on occassion... I keep thinking about what it will be like when I can sell FGI at $40+, RIG @ $60+, VTS @ $48 + etc....it will happen; and I will have earned it the old fashioned way - by catching those falling knives <VBG>... |
