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

To: Gary Burton who wrote (51819)	9/24/1999 1:03:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

GaryB...EW's... bought UPR $14 9/16ths... We've got the combo of fund managers scrambling to lock in year end performance and shorts laying on the lack of resistance here. Has to be strong redemption on mutual funds here... margin calls etc. But, there is so much cash in the market now; that I can not believe - at the very least - that the shorts exit very quickly here. Some individual companies are just mispriced here. I spun out of MDR a couple of days back for an 3/8 loss or so; have lots of cash as well; only been in 2-3-5 stocks max. Re entered MEXP on small position. Bought a nice position (1/2 of what I want) in UPR today at $14 9/16ths - this turned & ran to $15. UPR is a lg cap institutional fav. - delevraging, historically cheap on every valuation multiple; off over $4 from strong buying support at the peak of this rally - I love this one. Sitting at $13 7/8ths for both common and will buy calls there. ...OEI PXD UPR are close to 50% Oil vs. Gas - a thought here is the bounce that these crude leveraged companies are going to get. There is no major revenue drop on the Oily names here... this is an anomaly... I love UPR on any dips here... really my "call" option target. I pray for something irrational like $12 7/8ths.... keeping some cash for the "Hail Mary" play on that if seen...$12 UPR is like $22 RIG - just a matter of time... OEI breaking $10 - sitting now for an intra day at $8 15/16ths - amazing OEI is allready on record for strongly beating Q3 analyst extimates ... un real... PXD - a cheap value play; another lg cap - and a good laggard play at $9 RRC - I was out of on its technical break sub $5 - now in at $4 - and will heavilly load at $3 1/2- 7ths. Still love EEX - moving up 10% from yesterday - had a very large position; sold some - bought UPR and am taking profits on ea. 1/4 up. I see a bounce to $4 1/4 at least - merely on the smoke clearing here. Watching FLC & GLBL... If we saw OSX 65 here - people could get rich on index options... no reason to waste time on individual stocks - max leverage the index and come back to count your $ in 3 mos... Good time to do some layover charting... RRC really hit hard without any real volume ... My full service broker who hates me calling (no bizz from me any more) says margin call city ! - this may be the best play %wise here at mid $3's.... just simply to many positives unfolding here for them.