Mik, No need to call me sir. Your imperial majesty works just fine. Everyone at the "home" calls me that. <G>
1. Dain, Rauscher is a combo co., consisting of the former Dain Bosworth of ManyNoPlace, which didn't know what oil stocks were, and Rauscher, Pierce, Refnes of raht down here in Baja Oklahoma, who thought they did. The downgrade doesn't concern as Rauscher has always been a trend follower. I'm a contrarian, so I usually disagree with them. However, they do have a lot of contacts in the oil business and if the analyst was any good, he might know some stuff.
2. I would buy a bigger co. in a different niche. My favorite right now is Arco (ARC). SLB is great, but I don't think your second oil stock should be another driller. This is not a vote against FLC. I have long stated that I like a mix of high grade and speculative issues.
3. I am taking a hard look to buying AMAT puts tomorrow, so I'll report back then. I'm hoping it will hit a new high in this lemming stampede.
MB |
