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: SliderOnTheBlack who wrote (45589)	5/27/1999 4:54:00 PM
From: SliderOnTheBlack	Read Replies (3) of 95453

Couldn't resist - hit the sell button in the last minute for 1/2 of HLX... To big a run from $5ish in just 9 days, or so ago...near 60%... something about ''Pigs get fat - but Hogs get slaughtered'' allways rings in my ears when I don't take ''some'' profits on runs like these... HLX has done well for me now on 2 rebounds after major selloffs. Got to take it to the bank - ''just in case'' there isn't a deal.... at the very least - Fidelity, or someone had to be loading up on a big position and shorts had to be scrambling today as well - anyone see any 50K - 100K block buys today, or a steady stream of 20-25K buys ? (I was in & out all day) . Had to ''lock in'' some of that type of one day - ''against the grain'' run as the Big 'Un pointed out - doing this ''today'' with the sector heading South - says volumes... big volume into the close... may re-buy - daytrade on any weakness tomorrow (hopefully for a 3/4 - 1 point scalp) from todays highs. If it outruns me - no problem, I'll ride the final 1/2 position untill we see what happens with a buyout... HLX will ultimately be a $10-12 stock without a buyout if we see the recovery here that we all expect... no real downside to HLX even here imho... I am considering buying some RIG calls,and/ or DO calls/leaps - if the weakness continues in these 2 - with some of my HLX profits.... I like the far out calls with RIG here and will load up if RIG heads near $20. Someone tell me how RIG isn't sitting at $32-35 in November/ December in a conservative Oilpatch recovery ? .... add a little flight to commodities off of the Y2K scare and we have some huge ''call option/LEAP" upside come Dec - March imho. If RIG & DO retrace a bit more here - could be 3-4-5+ bagger call option returns.... if I had the guts, I put all the HLX profits into these 2.... I just may do exactly that... whattaya think Papaya ? ****************************************************************************** ...anyone hear the ''Margin Call'' news on CNBC from the internet/tech sector ? - huge increases in broker calls due to the net selloff.... did buy some AOL yesterday & today - 1/4 position - will average in at 20% selloffs - to a cut in 1/2 from here. Just building a small speculative position - swore I would NOT miss it again if it sold off. AOL to me is in a league of its own - huge and growing monthly subscriber base, next streaming video, going to do cable access - it can and will sell & market anything and they are becoming like a post WWII - ''Sears'' , or NBC... gotta have a piece of the i net....this looked prudent. I will buy CMGI & YHOO ; starting at a 33%+sell off yet from here; if we see a true Net blowoff. There are real companies that have dramatic upside yet from here in the Net - I like those 3. Would love to buy Lucent & Cisco at Octoberish prices once again.... what goes around, comes around.... amazing; using Oilpatch profits to ''steal'' some tech & i net stocks.... gotta love it... now if we get an Armageddeonish Y2K scare/selloff - anyone care to speculate what could happen with commodity prices - especially Oil & Gas ??? It is not to far away to be thinking - planning imho.... Again, I like Nat Gas producers with strong current production and drilling activity. Buying some Oilpatch ''calls'' around September/ October for a Y2K speculative play may not be a bad idea.... It doesn't matter that the actual Y2K effect will probably be minor; it is the ''publics'' near guaranteed over-reaction that will be the catalyst imho... I think people will be trying to take profits and beat each other to the door come about October... could be yet another ''Black'' October crash in the making... good time to have some cash to buy this sell off... and ''if'' there is a real Y2K problem - I have to think that Energy prices spike... be it the Nat Gas powered Electric Plants, or just crude & gas prices themselves...

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