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: Linkdog who wrote (42257)	4/15/1999 11:36:00 AM
From: SliderOnTheBlack	Read Replies (1) of 95453

FLC ...plus SLB HAL BHI say the fund rotation is still going on ... The 3 fund fav's surprise me today.... glad to see it, but I did not think that yesterdays Market move to Alcoa, Cat, Intnl Paper etc. would carry over to the OSX untill earnings were out and OPEC reported. This tells me that big money is scared $hi!less of the DOW valuations here.... food for thought. - time to sell/transfer my 401K index fund to cash - limited fund choices unfortunately.... no OSX choices... FLC is the most tempting of the risk plays imho. Got a little in the low $7's - building a major position here - at $8 and will sit in case we see $6's on a strong retracement if we get one... if not - I will add on sector strength post the OPEC release of compliance numbers... I still say that CEO Webster would have only left if they were taking (selling) his baby ! PS - If we see $16-18+ oil build over 2 years - FLC will be huge = a couple of models support $72 stockprice 2 years out at a traditional PE of 18 x $4.00 eps - gotta buy it as things improve..... to bad there are not some LEAPS on FLC huh....

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