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To: Big Dog who wrote (51281)	9/16/1999 3:59:00 PM
From: SliderOnTheBlack	Respond to of 95453

Some good "Dogisms" there Big... Bottomline; at the very least; if the shorts do lean on this from here - this is a new group of "trading" shorts - and there will be a nice $3+ pop off of the bottom once it reaches that level...where ever that may ultimately end up being. This may be a quick and easy $1 / 10% short however. I just see little resistance technically and the "asks" to the "bids" have been 2:1 or more all day... stock has not gotten off the mat yet - not once. Watch the tape & the technicals here... that's all that matters in this one in the SHORT term.- regardless of how anyone feels about FGI; this is one time to trust and to look to the technicals on FGI - "IF" you are "TRADING" it... If you are a longterm holder .... I am not saying sell - do not mistake my very short term oriented trading comments as anything other than looking from today to maybe 9 mos. out... hold if you're a holder & trade if you're a trader - and this is "tradin" volatility here...

To: Big Dog who wrote (51281)	9/16/1999 5:09:00 PM
From: Douglas V. Fant	Read Replies (1) \| Respond to of 95453

(OT) Big Dog, You are quoting the Sandman Principles of Damage Control- do you follow his philosophies?

To: Big Dog who wrote (51281)	9/17/1999 7:19:00 PM
From: Teddy	Read Replies (1) \| Respond to of 95453

Time to cash out? RIG COUNT: FOR IMMEDIATE RELEASE September 17, 1999 Rig counts fall HOUSTON: The U.S. Gulf of Mexico offshore rig count lost some of the ground it had made up in the last few weeks, according to Offshore Data Services' weekly mobile offshore rig count. The U.S. Gulf offshore rig count fell by two rigs on a week-to-week basis. The decline ends a five-week rally of higher utilization rates in the region. This week, 133 of 188 mobile offshore drilling units in the U.S. Gulf are under contract. U.S. Gulf rig utilization is 70.7 percent. The European offshore rig count also fell since last week. This week, two fewer rigs are under contract and European offshore rig utilization fell from 74.6 percent to 74.1 percent. Of the 107 mobile offshore drilling rigs in the area, 80 now are under contract. The worldwide offshore rig count fell by four on a week-to-week basis. This week, 467 of world's 630 mobile offshore drilling units are under contract. Worldwide offshore rig utilization is 74.1 percent. For additional information or to attribute quotes on text above: Tom Marsh, Drilling Editor U.S. Gulf of Mexico Category/Date Today Last week Month ago Year ago 5 years ago Total rigs in fleet 188 188 186 174 178 Rigs under contract 133 135 124 142 136 Rigs w/o contract 54 53 62 32 42 Fleet utilization rate 70.7% 71.8% 66.7% 81.6% 76.4% Europe/Mediterranean Sea Category/Date Today Last week Month ago Year ago 5 years ago Total rigs in fleet 107 108 108 113 107 Rigs under contract 80 82 86 109 86 Rigs w/o contract 27 26 22 4 21 Fleet utilization rate 74.8% 75.9% 79.6% 96.5% 80.4% Worldwide Category/Date Today Last week Month ago Year ago 5 years ago Total rigs in fleet 630 631 628 609 633 Rigs under contract 467 471 462 541 506 Rigs w/o contract 163 160 166 68 127 Fleet utilization rate 74.1% 74.6% 73.6% 88.8% 79.9%