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: Brent Hogenson who wrote (39494)	3/10/1999 2:11:00 PM
From: SliderOnTheBlack	Read Replies (2) of 95453

Hit in the Head ? - well I did call in sick today ! I'm so happy !- I may jump up and kiss my own ass ! I did take profits - but I did rotate into laggards and E&P's and doing surprisingly well - probably 70% invested / 30% cash as we speak. 30% OSX - 70% E&P's... I just could not let OPEC take my money - wouldn't be prudent .... Now - it does look very good for OPEC cuts - but, if they don't - I have my money. What I ''rotated'' into is not going to blow off imho. I own what I am holding well below these prices - so if things turn; I can still unload profitably for a profit. Yes; I am trading - but, profit taking as well. If this is the real deal - the $64 question is how long untill dayrates and utilization pick up; and how far forward will the Street look - to price the OSX stocks. FGI still has huge short position - it has been pretty conservative imho actually. FGI VTS UFAB GIFI are NOT overvalued by any measure imho. GIFI was what $18 bucks on the last run - and they have the Petronius perhaps and now OPEC cuts ?!?! - still a double short term ! If OPEC does anounce new cuts -My fav upside play will be FLC ! - still the biggest laggard pricewise from the original blowoff in Sept. - food for thought.... some stocks up up 50% from there, or will be shortly - FLC still down from that point in time fwiw. The Falcon will fly high again !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! I gotta go - I've set limits to buy/sell --- good luck on the close - I'll be back to celebrate tonight...<VBG> - whoooodathunkit ? PSS - airlines are a short play going forward (let them run first) if Oil sticks....

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