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

To: still learning who wrote (51468)	9/20/1999 2:27:00 PM
From: double-plus-good	Respond to of 95453

learning; i've got laddered bids on CHK, KEG, EEE starting at the current bid and notching down by 1/8's. My CRK, RRC bids are just under current market and i'm aiming for a re-entry on CAM. Also laddered bids in on HLX starting at 5 1/2. Maybe I'll get lucky today. It's nearly one-thirty so time for me to hit the sack. Had a big nasty centipede in bed with me last week; gave me a little nip that sure made for a powerful headache. Too many damn critters in my house. Well, its pretty dead on the thread. Hoping you all can hold the lines right behind my best bids, otherwise I'm back in margin land. good night ++good

To: still learning who wrote (51468)	9/20/1999 3:14:00 PM
From: SliderOnTheBlack	Respond to of 95453

stillearning; laggard... & FGI questions <<I'd be interested to hear Sliders views on them, since he seems to focus on laggards as a rule. What differentiates a laggard from a dog in this case? Granted FGI was due for some damage, but hasn't the damage already been done?>> yes; most of the damage with FGI has allready been done; be it is the lack of any substantial nearterm upside drivers that makes FGI unattractive other than a nearterm "bounce play trade" - or for a very longterm hold. I think FGI is one of the few Oilpatch stocks whose fundamentals make it deserving to be a laggard. Again; compare every component of MDR to FGI here... and do not underestimate what having the wind of 2 major brokerage houses in your sails is going to do short term. This selloff is the one to buy and buy hard, buy deep, just... buy buy buy buy buy ! Big Bull - C'Mon --- I know, you are thinking the same thing.... It's still allways about individual stockpicking and I still like the upside of the E&P's over the drillers & service stocks; but I am now in MDR, eyeing GLBL & FLC on further retrace. I'll tell you what; the damn index is a solid buy here very, very shortly . OSX 80 here ? - !!! Started covering my FGI short - not because I want to; but because I went long MDR - more upside short term in MDR long, than FGI short (I think ggg)... there - everyone happy; and I need some cash if GLBL continues to mid $8's here, or if FLC hits my target. Again; why FGI when there are so many other positive things happening in OSX land ??? but, I will play the bounce...when it bottoms; and if it breaks out - it's a short again at $16, at $18, and heavy at $20 - unless they add a few hundred Million $ to the backlog quickly. We are close to being able to throw "darts" at the offshore drillers and the "names" here... Again; I like some of the small cap E&P's better, but this selloff prior to earnings season - post OPEC meeting was not unexpected. - it's exactly what I said would happen. MDR - "the" smartest risk vs. reward play in the 'patch (that isn't an E&P).