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

To: Think4Yourself who wrote (51822)	9/24/1999 1:32:00 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 95453

Bloomberg article on making fuel from NG... quote.bloomberg.com

To: Think4Yourself who wrote (51822)	9/24/1999 1:32:00 PM
From: SliderOnTheBlack	Respond to of 95453

JQP; margin calls are rampant in energy land from my 2 phone contacts I had a bit of luck - yes luck. I thought we looked a bit toppy - knew we'd see "spin city" into the OPEC meeting & thought the driller/Service sector would retrace on poor Q3 prospects; but - I did not anticipate the E&P's here - especially the "oily" names like UPR OEI retracing in lockstep. ANOMALY TIME: - when the companies with strong fundamentals retrace in lockstep with those who do not - I buy & leverage into that "gap" short term. I was a bit early on MDR - spun out quick, w small loss. I was "Trading" only - an everything on the technicals into this OPEC meeting/Q3 environment. I 've only been in & out of 2,3 4 stocks at a time. Found myself in between moves - out of RRC & MDR and moderate MEXP positions (which take 3 days to get in, or out of)- got to pick up some MEXP cheap again on the technicals; took the MDR $ into EEX & have 10% here - took some of that- spun into UPR, which turned allready; but I like it longterm - so holding. With my cash I'm looking to enter large initial buys on UPR OEI - GLBL, maybe FLC - but its holding strong, back into MDR strong if it breaks $20 - maybe calls too. I started buying RRC back pretty good - got hit at $4 and sitting at $3 13/16ths if we see it . I am making strong initial entries here - I only need tics, or .50 cents to a buck on a few targets here. I will turn margin on full throttle shortly; and will be fully invested at: UPR 13 7/8 GLBL 7 1/2 FLC 12 7/8 OEI 8 15/16 RRC 3 1/2 MDR 19ish MEXP for pocket cash sub $2 1/8 shows support If this turns and recovers before I reach my targets - I buy RRC strong on the rebound to $4 3/8th ish, and may take some EEX trading profits to move up with UPR & OEI on their strong Q3 numbers. I want GLBL badly here.... no one is seeing the longterm potential of their super acquisition here... look how much Dore bought this spring.... not that far away... I may even hold my MEXP longterm from here... with Oct 15 so close... but; no promises... as MEXP is my personal NASDQ petty cash account (well that's what they say...) VBG... Nothing like the fresh smell of napalm to get the bodysnatcher bottom buyers out here... and its smelling a litle margin-call crispy here... we're close, very close... coiled spring. close to "call" country as well... ... 2-3 weeks to Q3 reporting - and with these upgrades... we turn anytime here, hours - days

To: Think4Yourself who wrote (51822)	9/24/1999 1:34:00 PM
From: Gary Burton	Read Replies (1) \| Respond to of 95453

re FGI--looks like my count is still ok and that FGI is trying to put in a wave 3 bottom somewhere between 9.75 and the 10.25 low print of today ---DJ is rallying--maybe this is the start of the false rally wave 4 that we need to see--needs to fail below 10,733-will likely peak out at say 10,500ish my 2c