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

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To: wlheatmoon who wrote (45252)5/21/1999 4:05:00 PM
From: Brent Hogenson  Read Replies (7) of 95453
 
Strange how FLC and RIG are stuck right where they are (10, 25). I wonder if the market maker for the options has anything to do with it. I am sure there will be a lot of options expiring worthless.

I wish somebody out there would come up with companies that have large natural gas exposure (50% or greater), a market cap above 200 million, and a stock price greater then 10. I just can't buy these micro-caps.

Years ago I met a guy in the library who was holding the value line folder that I wanted. We talked a while and the one thing I gained out of the conversation was this quote and I'll never forget it. "I would have avoided over 75% of my losses had I stuck to companies that have a market cap of at least 500 million and a stock price of at least $10.

I know that some of these microcaps will explode but I think they are too risky, and slider thinks FLC is too risky, go figure.

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