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Gold/Mining/Energy : FLC Falcon Drilling

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To: CommanderCricket who wrote (363)4/9/1999 8:33:00 PM
From: PartyTime  Read Replies (1) of 461
 
Yes, I'm impressed. It's especially nice for me as I just got clobbered bigtime on an OTC-type investment. The siren call of those penny stocks can really get to ya sometimes. It did me.

I found FLC around 3 a.m. Friday morning, just before the run-up and before the "Outperform" recommendation, I was looking at buying FLC at 6 5/8 or PDE at 7 1/16. I put the order in for PDE, mostly because of the uncertainty of the FLC CEO issue and the 7/8's drop the day before.

Next came the analyst recommendation and I switched my trade from PDE in FLC just in the nick of time before the bell and got in at 7 1/2. Overall, as I continue to review these two stocks, I think I made a nice last minute decision picking FLC instead of PDE.

Can any FLC trading veteran enlighten me as to some of the tricks and traps of investing in this stock? I'd certainly be appreciative.

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