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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: oilbabe who wrote (50533)	9/7/1999 4:35:00 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

<< Slider: remember Aug. 26: >> yessssss. I think I still remember it... I was in the kitchen with Col. Mustard and I did it with the candelabra ! - right ? <<RRC - NOW is the best buying opp that I have seen of ANY stock in the Nat Gas cycle...<< Now it's MEXP??? What's next?>> Oilbabe; that's a good question; kind of like waffling back & forth between Kim Bassinger & Michelle Pfeiffer (VBG) - a tough call ! ... actually in doing the ''work'' - after MEXP's blow up - I ran 3 channels. Raymond James, The Company, and K2. No one else talked about the K2 ''channel'' here... My excitement comes from the company & Raymond James; my euphoria comes from the K2 channel - here's a freebie ... K2 is in the process of raising money to ramp up drilling NOW - they are also more proactive in releasing announcements, results, etc.. while MEXP can technically be in a ''quiet period'' for an example - K2 would not necessarially be so..... food for thought . K2 I believe, from ''my'' homework, is about to release something very interesting... Oilbabe - RRC is a $5- $7 run (40%) upon the announcement of the JV. - within 30 days. Untill I did my homework, I thought MEXP would slowly rebound - 40% in MEXP (to make it a superior play to RRC) would be $ 2 7/8ths ish+.... at first I didn't think it would get there by month end; but some talk is out on K2 ---- when they announce what they are going to (imho) then it will be ''known'' how MEXP is going to benefit as well - the world will know that MEXP doesn't have the excess cash to proceed - and if K2 is by the end of October and announces it; then it becomes a given that the BOM deal is in the bag - and MEXP can break out accordingly. MEXP certainly could run through $2 7/8ths in a day, or two - up 15% today alone at the mid day high.... The downside ? - ask yourselves; how many ''sellers'' could there possibly be left in MEXP ? The technical upside to this recent shakeout if tremendous ! - I wish CRK would have one - or RRC one last run on the stops... MEXP had their's. It will move up and up and up and up and up and up..... day, after day, after day.... folks; each 1/16th on $10,000 is $625 ! each 1/8th is $1250 ! on $100,000 each 1/16th is $6,250 (not a bad days work VBG) and each 1/8th will be $12,500 as well.... so even with moderate volume - this is big money for the individual investor - big, big money. The upside for an individual investor here is substantial and the risk is looking like an ice cube in the Sahara right now... yes, it's there - but fading fast. a 1/2 point move in MEXP is like an $8 move in CAM, or $3 in FLC.... we were up between 1/4 and 3/8ths today alone...do the math ! You guys can keep your OSX stocks - no problem - 2 different sets of investing parameters. I plan to ultimately buy some FLC with my MEXP $ - I like where I am right now. - I hope I can buy another chunk tomorrow under $ 2 1/2 - I bet we take that out in the first 90 minutes and $ 2 11/16ths would not be an unrealistic close tomorrow and I would not be surprised to see $3 broken by friday. K2 is the key to the surprise... that no one is factoring - period. That doesn't change the fundamentals overnight, but it confirms the BOM is ''virtually'' a done deal and it leads to much more upside 6-9-12-15 months down the road as the Blackfoot play is developed - it will add more upside to production & cfps numbers used by the analysts - that are a non entity here presently; .... be there before Oct. 15th imho - unless you want the 50% move from $2 to $3 - then you may need to be there now ! $2 to $3, $3 to $5, $6 to $8 then $8 to $12; - lots of time... no rush; as it allows me more time to creatively raise cash.... and to build my position. This is such an easy play from here on out - that it isn't even a challenge... the ONLY challenge will be in trading it. Buy & holding it from here is a gift. $5K of MEXP today and you pay cash for a new Expedition, or Navigator in 2 years witht the profits - after taxes ! Tomorrow morning - I'll post the numbers to back up the so called - ''hype''... $3 by friday ???

To: oilbabe who wrote (50533)	9/7/1999 5:42:00 PM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 95453

MEXP - 30% of the volume in the last 5 minutes of the day - a good sign. On thing I have noticed on MEXP's prior runs, the strong & prolonged runs start when we see the ''professional'' oriented smart buying primarily at the close - this is what we are seeing of late...today; 20K + in the last 5 minutes - nearly 30% of the days volume in the last 5 minutes... Again; we bust out tomorrow from the open imho and $3 by friday perhaps... ? Technically; we are just a tic, or two away from a classic ''V" bottom and a breakout over the 50 day moving average - we should cross that tomorrow, or soon thereafter - and watch the mo-mo arrive... *** Frank Gretz a technical analyst on CNBC is going over a chart on ORACLE here; commenting on its ''V" bottom and a break over 50 dma !- the same technical breakout that MEXP is showing ! ===================================================== For those just wanting to dip their toe in MEXP:$10-$25K investment; and if I am correct; here's what 3+/- days could do: On 5,000 shares of MEXP - from here to $3 = $4,000+ profit On 10,000 shares of MEXP - from here to $3 = $8,000+ profit Using what is probably a ''good'' position for our average SI member: On 25,000 shares of MEXP, an investment of $54,687 - from here to $3 = a cool $20K + profit. - turn around and buy $20K of ''zero cost basis'' FLC & DO calls - imagine the upside... For anyone who has been accumulating in a large degree, or who cares to from here: on 100,000 shares of MEXP - from here to $3 = $81,000+ profit ............................................. from here to $4 = $181,000+ profit ......... from here to my $5 XMAS target 1999 = $281,000+ profit ........ from here to my $16 XMAS target 2000 = $1.3 Million + profit. ===================================================== Just running the numbers in my head as I type.... merely considering the possibilities.... $$$