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

To: Think4Yourself who wrote (52411)	10/5/1999 10:31:00 AM
From: Jon Cave	Respond to of 95453

APC traded at 27 in December and now is approaching its yearly lows. Give me one damn good reason not to buy the E&P's like BR and APC. Other than they continue to fall <g>. The little E&P's are holding up better than the big guys. I am assuming the little E&P's are owned more by individuals and the biggies are owned more % by the institutions. Confused....

To: Think4Yourself who wrote (52411)	10/5/1999 10:31:00 AM
From: Braddock Bull	Read Replies (1) \| Respond to of 95453

HAL is bringing the OSX down to 70 this morning. Well folks, that's somewhere in the neighborhood of a 20%-25% correction in the index over the past month! I smell a little panic blowoff today and am buying what I can. I'm not a big ewave analyst, techie, or anything else... but when the fundamentals haven't changed and a sector corrects 20%, that's buy time in my book. HAL and adding FLC today. Good luck all. Brad

To: Think4Yourself who wrote (52411)	10/5/1999 10:43:00 AM
From: Think4Yourself	Respond to of 95453

I DON'T BELIEVE IT - AN ANALYST JUST AGREED WITH ME! Frank Curzio on CNBC just said he doesn't like the market. Also said he is only buying EnP's and specifically noted he was avoiding the drillers. Cited Asian demand growth as key reason to buy EnP's. BTW, HAL down $5 3/4 now. There appears to be some support at this level

To: Think4Yourself who wrote (52411)	10/5/1999 11:03:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

JQP - a true Sectorwide "Anomaly" buying opp imho; What we have hear is all of the "general" funds trimming Oilpatch stocks off of Bellwether HAL's announcement - which as NO SURPRISE to anyone who has done their homework... Dain Rauscher issued an interesting report - saying sell the OSX stocks on a bounce to OSX 90 - as they see the OSX trading in "ranges" - gee, whodathunkit (VBG) ? Unfortunately - everyone & their blind sister is trying to beat each other out the door... thank you God ! I love Cramer (save the flames) but; he is a posterchild for fund managers & Institutions who view the Oilpatch as a dirty little cyclical - easy money; occassional mo-mo play but, nothing more, nothing less... like visiting the carnival when it comes to town... These guys are selling now... liquidating positions in the entire sector in many cases. Just as the fundamentals are really - finally; starting to make sense on a "time" basis imho. I pounded the table against drillers'service for 6 mos. here because - they had 2 more bad qtrs and before fundamentals were going to turn. They "were" overpriced - but, NOT NOW ! Spun out of some EEX - still holding large' nabbed some HAL at $35 1/2 - monitoring call prices here... not chasing anything else; set limit buys on FLC RDC UPR GLBL PGO here... about 3-7% lowere; I'll let these come to me if we are in a sustained retrace here... Stocks like ESV PGO - now 50% off their peaks from weeks ago ! - Can you imagine.... Some serious, serious MARGIN CALL PAIN - potentially near liquidation of those who were "Fully Invested" on a "YUMMY BASIS" of late.... Again GaryB - thanks for the cautionary light... Kudo's... but; don't be glued to that OSX 65-68 ish level... there are some "must buys" - for at least 1/2 positions here imho right now ! HAL is the only thing I flew to the button on... in at $35 1/2 here and sitting at $33 1/2 large - with a major call option play at that level as well... I love GLBL on a break under $7... this is "THE" service/driller play in the $6's... Boom 2000 does not happen without $18-$20 GLBL.... bank on it. GLBL in the $6's is my "Top Pick" - "Single Best Idea" (VBG).... Damn; never thought I'd own HAL ??? a $2-3 chip shot at the least... Literally; who can not make money in HAL here ? Anyone can outperform the market over the next 12-18 mos with HAL ! This is a conservative GIFT - BUY HAL ! $35 hit me, $33, hit me - lower = all "CallS".... Yea Baby - Come to Daddy ~ UPR a 50% play from here - see's $20-25 by Q2 2000 Papaya - PXD holding strong here (VBG) - a lock... Jims - how those APC calls doin ? Anadarko - lower than Jan 1999 here !!!! Gentlemen; if I can find the money - I could retire off of these opportunities within the next 24 mos...Big - gets some cash - lets get rich.... Late Edit: Selling all EEX here - one reason only; I need the money to buy on margin here.. EEX is non marginable at $3-$4. Hold it if you have the cash... its leverage time for Slido !