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


To: John E. Stanga who wrote (50720)9/9/1999 11:46:00 AM
From: marc chatman  Read Replies (1) | Respond to of 95453
 
<<Little comment recently on FLC. Seems to me that it is doing quite well. How high can it go?>>

I wish I knew. Since I can't predict, I'm just holding on for the ride. The MACD divergences have been quite good at predicting the short-term blips. We're close to seeing one on the hourly chart, which could signal some weakness if we get it.

But, again, I'm hesitant to sell. Despite the tremendous appreciation, I feel many investors perceive FLC as cheap relative to its peers, particularly in that it is far below its bull market highs, and has yet even to reach its 52 week high. That should provide support on dips.



To: John E. Stanga who wrote (50720)9/9/1999 12:01:00 PM
From: IndioBlues  Read Replies (1) | Respond to of 95453
 
FLC is doing well. From a purely technical standpoint, it seem (like all the drillers)to be overbought right now but if you are playing it for a longer term move buying on intraday weakness might prove to be a pretty good idea. I'm long and have been for a while. Wish I'd kept DO and RIG too but I didn't.