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: Gary Burton who wrote (45855)	6/3/1999 2:40:00 PM
From: BigBull	Read Replies (2) of 95453

Gary, still love FLC, haven't sold any yet. A while back you stated that usually the first leg (wave?)up of a bull market is not believed. You were right on target with the first OSX run. "Too far, too fast", "OPEC will cheat", "Refiners can't make any money", "Asia recovering too slow" and so on and so forth. Could the Goldman Sachs pump today be the beginning of the next rally up? The one that is believed? This is not such a bad thing, I think, since second legs up are usually the most powerful and are the ones that are believed and thus may have more staying power than the first leg up. When, Wall Street starts forgetting these are cyclical stocks and calls them growth stocks is when I head for the exits and even consider going short.

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