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

To: A. Geiche who wrote (51194)	9/15/1999 2:03:00 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

FGI -HLX arbitrage, trading opp, shorting opp, buying opp etc... I don't think that the expected action by the Street is going to be what everyone expects. I would expect FGI to get shorted heavy, heavy, heavy here by traders.I'd wait to buy FGI untill it shows some relief. - It will ultimately be a 'pop' play when the shorts cover. This lowers the HLX price; so I do not think this is as simple as going long HLX here... Some traders may just short FGI here - as it is the one with the unlikely - pure buying support; everyone is running to HLX long. They do not need to short HLX into all this long buying; - why fight it. Merely short FGI into no resistance; then watch HLX longs bail - as they no longer have the premium they think they do; then cover the FGI short and go long HLX... PS - when is the Oilbits - Big Dog interview with FGI's Holloway due out ? short FGI into momenteum - then go long HLX when this settles - but, no now. You guys jumping on HLX here are not going to wake up happy imho... Would anyone have ever envisioned the former Golden Child - FGI a $40+ stock - at $10 while the sector is up 70% ???? ...something tells me Holloway made money both ways...if he did; a genius. ... a man's gotta do, what a mans gotta do...