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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: BigBull who wrote (42689)4/20/1999 1:22:00 AM
From: Brent Hogenson  Read Replies (2) of 95453
 
BigBull

I am doing the exact opposite of Slider. I am buying more and more as we go up. I own 2k of FLC and want to own about 10k before we hit 20. I plan on buying all the way up. Any recommended strategies for doing this? I plan on buying more whenever my margin account is above 75%(trying to keep it above 55%) Is anybody else out there doing this? So far I picked up 2k of FGI @ 12.5, 1k RIG @ 27, 2k of FLC @7.87 an got shaken out of 2k of ESV (margin started to get below 50%, lost $250). I want to go heavy into either FLC and PZE. I don't think the street knows how to value PZE yet. (are we fairly valued?). If this rally is for real, (and there are extreme fundamental differences in the last 4 failed rallies) it seems like the thing to do. Any comments anybody?
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