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: in_outdaily who wrote (51602)	9/22/1999 1:45:00 AM
From: Jon Cave	Respond to of 95453

Love GLBL here. Made lots of money trading it this year. Just started buying it back since it dropped below 10. I've been buying very aggresive at or below 9. GLBL has one of the most well respected CEO's in the oil business. He purchased a lot of shares last year around 7.5. Its hard to believe that GLBL fell to 8.5 today while PTEN was trading at 15+. If the OSX gains back what it lost, GLBL could hit 12. Buy at 8.5 sell at 12. Thats a 41 % gain in about a week if ........ My problem is I have to many shares at 9+.

To: in_outdaily who wrote (51602)	9/22/1999 8:59:00 AM
From: marc chatman	Read Replies (1) \| Respond to of 95453

You'll probably get 100 different answers, since everyone has his or her favorite. I have a few, but I'm not waiting to buy since I already got in pretty close to my "dream" entries and have been holding. Among service and specialty equipment players, I like WFT, CAM and CXIPY. Of these, the only one I would consider adding at this point is WFT -- very good job setting itself up with complete solutions in some profitable sectors, and I think as WFT continues to grow, the Big 3 will eventually become the big 4. Among drillers, I have liked FLC and PDE, primarily because they were the most beaten down, and the most leveraged for gains in a bull market. The rising tide historically has lifted all boats, so I figured I'd get a bigger bang for my buck with these two. But I don't think these are the best run drillers. For quality, I like RIG the best, but I stayed away because I felt several of the long term contracts were ending at a bad time for day rates. (I also think highly of the managements of RDC and ESV, for what it's worth.) I might consider adding some FLC or PDE on any extended pullback. In seismic I prefer VTS, although I've also owned PGO from time to time. I also like VRC and FGI from a business operations and quality product perspective, and they should eventually benefit from the "rising tide" theory. I already posted my thoughts on FGI. I'd be more likely to buy VRC at this point. One reason I'd be more likely to buy VRC, and a point which I think is relevant overall for the sector -- all things being equal, I prefer the OSX components. OSX components are much more likely to attract institutional interest and support, which adds a lot of fuel to the fire during rallies. As I posted yesterday morning, I believe we are in the midst of the "big correction." The tremendous run from OSX 40's to OSX 90's needs to work itself off. I'd be watching Gary Burton's target support levels (they are fairly close to mine, but I think Gary is much better at this stuff than I am). We should see some bounces while the average trends lower or seeks a new base, but I wouldn't be in any rush to buy until I see some technical signals I like.