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

To: upanddown who wrote (51774)	9/24/1999 2:00:00 AM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

It was a an IRA I converted to a Roth. Had semiconductor stocks in it and converted (by PURE luck) at the low for the industry. Hit the tax free jackpot twice in the last 16 months: Once for semiconductors and once for Drillers. It is diversified now. I watch insider trading very closely, and am not too concerned about insiders stealing the company blind (for my current holdings). It is a VERY common problem in the high tech sector. Regarding energy prices showing up in the bottom line, I ONLY see it happening for the EnP's and some of the very land oriented driller/OS companies. TMR doesn't use hedges (well they have a huge no-cost collar right now) and their production has been growing at a phenomenal rate. I honestly believe they ARE on the radar screens of many institutions albeit at the bottom of the screens. The stock was moving up strongly in the short time between the Thibodaux #1 well coming online and the Thibodaux #2 well blowout. You are definitely right about RRC and MEXP.

To: upanddown who wrote (51774)	9/24/1999 2:43:00 AM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

Crude hits 33-month high; gas, heating oil, natural gas soar cnniw.newsreal.com@2@22@3@697&path=News/Category.NRdb@2@7 The rise in crude powered a sharp increase in heating oil, and analysts cited that in turn as igniting a takeoff in natural gas because it suddenly became a cheaper alternative to heating oil. Natural gas prices increased 10 percent. "People are real bullish on natural gas," said O'Grady. "They are convinced that we're going to have a delivery problem this winter."

To: upanddown who wrote (51774)	9/24/1999 2:48:00 AM
From: Brent Hogenson	Read Replies (1) \| Respond to of 95453

I have to agree with John. The institutions are the market and we are just along for the ride. The average institution these days manages over 1 billion. If they are looking to buy their best 25 ideas, that is 40 million an idea. Anything under a 500 million market cap doesn't even get looked at. So the people buying these stocks are the individuals, who in my opinion are the weakest hands. They see the market falling and they run for the exit. For the life of me I don't understand the allure of MEXP. Who wants to buy a stock that needs financing to continue. This sounds like a OTCBB penny stock story ("as soon as the financing goes through this thing is going to the moon") Why buy a stock that needs financing? I want to own market leaders not companies that live off of table scraps. If a land rig costs $10,000 a day, that's $3.65 million a year or roughly 1/8 the market cap of MEXP to rent out 1 rig. The companies that I want to own should have the financial ability to do anything they want. Who out there wants to own a business that needs financing when you can own a company that doesn't? What I'm saying is why not invest in the companies that you are 90% sure you will make 20-50% on your money if we get a boom 2000 than 50-50% sure you will double or lose half your investment if you are wrong. If you want to gamble, play on margin with the larger market cap companies. To play with margin on a $5 stock is foolhardy. You could be 100% right with your pick but have your timing off 1 or 2 months and lose it all. I can relate to you though. Who hasn't at one time or another want to say, screw it I'm in with everything. Either I am going to be real rich in 6 months or real poor. Two months ago I was looking at those DEC FLC calls at $0.875 thinking I should buy 50k worth. I wish you success! FWIW - all the hype on TMR made me cave and pick up 4k @ $4.125, 1k of RRC @ $4.875 and everyday I think to myself, "what are you doing?" (That voice of reason is more times right than wrong)