Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: CommanderCricket who wrote (41355)	4/1/1999 1:23:00 AM
From: VLAD	Read Replies (1) of 95453

Who is the analyst at N. B. Montgomery? What kind of an analyst is this person? On September 8, 1998, N. B. Montgomery issued an upgrade on FLC from hold to buy. The share price of FLC on the prior trading day closed at $12.00/share. So why should I sell my FLC today under $9.00 when the same brokerage was telling me I should be buying this security six months ago at $12.00???? Oil prices are much higher now than they were back on September 8th and there is a lot less uncertainty now regarding FLC's financing to complete its deep water projects. Did anybody read this analyst's report? Can you explain the logic as to why I should have been buying FLC 6 months ago at $12/share and now I am supposed to be selling it under $9/share? How is an investor supposed to make any money following this type of advice?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next