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

To: oilbabe who wrote (53171)	10/18/1999 3:46:00 PM
From: Braddock Bull	Read Replies (1) \| Respond to of 95453

Low volume selloff on FLC... only the chumps bailing on this downgrade nonsense. Brazil and GOM are going to rock in late Q4 and boom 2000. Best positioned in the industry imho. As I've always said, I won't sell a share under $30 and I don't care how long it takes. Brad

To: oilbabe who wrote (53171)	10/18/1999 6:51:00 PM
From: SliderOnTheBlack	Read Replies (5) \| Respond to of 95453

O'Babe - re: got FLC ? ohhhhh Yahhhh & MRL too... I used this selloff here; primarilly to re-position myself. I had bought some stocks previously- as temporary positions; hoping for a breakout etc. I also, trimmed some positions over the last couple of trading days & and today as well. I got back in FLC & MRL - I had missed them here, as they outran me for the most part. In today; but not as much as I wanted, just initial positions. These 2 & SII will be my main targets if it gets ugly tomorrow. While RRC's story has not changed; I trimmed some this am & actually hoped to maybe buy some cheaper than I sold; getting out early & rebuying cheaper later. Hopefully as low as $3 3/8ths today - tomorrow; if things got ugly; rotated the funds into a company that I now like better here; now that it has finally sold off. I had missed FST on its very strong run here this summer. I now see it moving 50% from this level and doing so faster than RRC - whom I still see as a 50% move from these levels; but - I can margin & leverage FST & I can not do that with RRC. Everyone seems to think that when I, or others do this; that this somehow is changing my position towards RRC; it isn't. But; now that FST has sold off from $18 to the $12's here - I "now" like FST better for the reasons mentioned. I had loved UTI when I caught it at the bottom; sold it for $3 higher + margin; now its outrun me here; so I was able to buy FLC, MRL here now instead... I don't think this is unnecessary trading; it works very well for me. I can continually take nice profit moves and usually find a better buy in a rotation play. This is my "Bread & Butter" of late... these opportunities just keep popping up; untill they no longer do - I have to keep doing what is working for me. I did the same thing with ESV - sold it for a major pop with margin; off the initial blow off here at $19. Now it's out run me as well; I am sitting for the $15's - if I miss it, I miss it... to many other buys... Also; like RRC - I spun out of RDC. I like RDC; I will buy its selloff on the equity offering in a stable, or increasing market. But, I dump it immediately on a selloff like today; other stocks are "now" better buys & more likely better breakout plays when we do turn here. I like Prime Rib better than Lobster; but if you have Lobster Tails for $5.99 - forget about the Prime Rib & be bringing me about 4 of them tails... Also; as pointed out by many here; the sub $5 plays such as CRK RRC MEXP TMR etc have lots of capitulating by individual investors who - may get margin calls from their overall market holdings on selloffs like this. These stocks get dumped quickly and are getting dumped first. It may be best to let some continue to settle; and not add to positions untill the market bases here. They (especially the nat gas pureplays) are super values here; but if one is comfortable in using margin here into a bottom; one only needs 1/2 the percentage move in a "safer" play to equal the non-marginable returns of these cheaper plays. - at these prices; while I feel RRC will ultimately move 50%; give me SII - and I know its moving 25% from here...immediately as we turn here; RRC has its own dynamics - maybe it doesn't move immediately here; I want the stocks here that I KNOW the Street will fall all over themselves to get back in - the SII's, the CAM's, the WFT's, the ESV's , the HAL's etc... not switching my story; but only a fool doesn't take into consideration how the market is going to react off of this type of a post earnings bottom. In between quarter's, during a flat market - give me RRC on a selloff; but post earnings, on a huge sectorwide blow off - I want to be margined into the clear and easilly identifiable "MO-MO" fav's... the stocks that the institutions are going to load up on first & foremost. As such; I am trimming & repositioning myself in strong, strong breakout stocks like SII, FLC - which I finally caught at a price I like, MRL as well - sitting really large on MRL here on each $1 retrace. SII is the one stock I may continue to buy right here - even if it doesn't go lower. See a 50% run right back to its recent highs as soon as we turn here. This one is "THE" trader of late. More volatility than BJS, CAM, or WFT imho. Core positions in E&P's: OEI - on record for allready beating Q3 estimates, couple of new discoveries; super drilling portfolio - nice analyst commentary & numerous price targets of $15-$18. Also; Institutions have accumulated a ton of OEI here over the last few months... one of "THE" strongest accumulations. - Jon C; its individuals selling, or shorts hitting OEI - the Institutions are buying the hell out of it...re: yahoo.marketguide.com 52 MILLION SHARES ACCUMULATED IN 3 MOS !!!! - I haven't scanned all my watch list for this; but in those I have; I have not found any stock with this type of accumulation increase by Institutions ! - none ~ Institutions nearly DOUBLED their holdings in OEI over the last 3 months. Individual investors dumping is bigger than most poeple realize here over the last few months... UPR PXD also core holds - undervalued & balance sheet turnaround stories; building a core position in FST and bought a ton of an old fav' of mine - MLRC (GaryB - heads up (VBG). I'll post info on MLRC later; no hype; merely one of the best "exploitation" plays in shallow land Nat Gas development in the US. Watch list of: NBL, XTO - close on these, maybe NEV - being a pure crude oil play if it comes off $2 here. Will add to my core positions on only 10%+ down from here. I am not chasing 1/4's or small moves. Do have margin to take advanatage of adding to core positions on selloffs; but I am looking for major blow offs to add from here. I like what I have and where I am at right here. I'll add to my watch list stocks if they hit their price targets; or any individual trading opportunities as they develop. Maybe I'll be able to pick up a stock like NFX, TLM, DVN , MRO that I really like - but, that are too pricey for me right here... a good time to be patient and not chase anything. I really like SII as my #1 fav'here; love MLRC as my undervalued bounce & longterm play; at these prices - better than MHR. MLRC ramped to $9 off of the announcement of its financing being secured just weeks ago - up from $6 3/4 to $9 nearly overnight! I had expected possible tax loss selling, but not to this degree. I have watched the tape non-stop on this; individuals just capitulating & tax loss selling; I think I may have bought all the shares today (VBG). This stock has low trading volume; a small cap - worth a look; a good potential bounce trade and an excellent longterm hold. Do the "DD" on this one; this is a stock that quite possibly has the shallow nat gas exploitation type of drilling (as opposed to "exploration") to become a $20+ stock in 18 mos. or so... worth a look. Nice CEO interview by the Wall Street Transcript - a nice read. I also will add MDR. lower and/or higher from here; as the sector & overall market bases. $11 per share in cash - at $18 here; Indonesian pipeline deal is ok, great niche & a 50% run back to its summer highs. This one has a great history of turning up strongly from $19ish. GaryB; I am keeping a little money free just to catch your $17 1/2 EW target on this one - allthough I am a "Call" buyer there fwiw. Love GLBL - own it at $6 7/16 ths and will add strongly at $6, or lower if seen; another "must own" on a blow off from here. If I could just get 3 stocks to sell off another 10% from here to load the boat; it would be SII,then either MRL, or FLC and in E&P's OEI, or FST; $6 GLBL wouldn't be a bad first choice either... Going to have my Espresso ready & the "Bombing Run" music ready in the morning... going to be one hell of a dog fight/poker game at the open... if we get a decent reaction to the CPI's and then get strong API's - BAMM ! we turn & run... perhaps to OSX 90-95 within weeks, before getting some major profit taking; then retrace maybe 15% and hit OSX 100 at least intra-day before year end.Volatility will not be going away; but I am more sold than ever; that we will see a "Crude" bubble at, or near $30 before this is over. If OPEC is smart; they will hold the line (they really have no other choice/cheat & see $18 crude instantaneously) - which will create a price a bubble; then increase production only when the entire free world is begging for them to raise production and "ease" prices... I'm banking on 50% moves up in lots of issues here before year end.... for those living on the edge; add a little margin to those moves and it's looking like a very Merry Christmas in the making for the Oilpatch this year... Boom 2000 brings OSX 200 in 2001. PS *** ...anyone else think that everyone was too prepared for an overall market blow off here ? Too many expected it and too many saw if coming ? I see the overall market as allready having rotated and brought individual sectors - other than perhaps tech & iNets; down to pretty realistic price levels. I can not look around and see over-valued stocks left & right in virtually every sector; as I could last year. This makes it different than last year imho... perhaps the market has allready cleansed & rotated all by itself ? Maybe this will be the Black October that wasn't ?