Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SliderOnTheBlack who wrote (51460)	9/20/1999 2:41:00 PM
From: victorw	Respond to of 95453

So I sold a little nibble of FGI. I followed all the opinions. There was only one compelling argument for me, the simple one. If HLX goes down, despite the premium, FGI may not be a safe hold. Anyway, for me, the hardest part of trading is selling a losing position, so the FGI loss was also a personal growth opportunity. Hopefully, one is enough. VictorW

To: SliderOnTheBlack who wrote (51460)	9/20/1999 3:22:00 PM
From: Andrew Brockway	Read Replies (1) \| Respond to of 95453

Slider, more FGI The real trade here is not my "short" from $11 1/8th here... maybe I make .75 cents, maybe $1, maybe $2 With respect, I don't get it! You're always one to talk about opportunity costs, why would you even mess with shorting FGI? If the "real" trade comes after the short, why risk the short? If $2 from the short materializes, you've made 18%. So, for 18% you're willing to short a highly regarded company right in the beginning of a powerful industry recovery. Every day you hold the position, you're a day closer to that new order or positive merger spin announcement. I'm not saying that a simple press release will run FGI back to $15 overnight, and I'm sure if the situation changes you can cover your short before any losses. How long are you willing to hold this position? Surely it doesn't make sense to flirt with FGI while our beloved MEXP is running to $4. Doesn't seem worth your while. Risk/reward? Your analysis of FGI's situation has been great and probably on the money. But right here, right now.......I'm not with ya on risking it for 18%. Hell, I'm happy to watch you make that 18% just as long as "ProphetDog" gets me to $18 by Christmas as promised. Regards, Andrew