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

To: SliderOnTheBlack who wrote (55177)	11/22/1999 9:14:00 AM
From: Big Dog	Read Replies (1) \| Respond to of 95453

Hey Slide-o-rama, We are at 149 rigs working in the US Gulf. Only one away from your 'magic 150'. Cool, huh? big atoffshore.com

To: SliderOnTheBlack who wrote (55177)	11/22/1999 4:11:00 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

Slider: The over all economic context and price action over the last year powerfully suggest a bull market for the OSX. If one agrees that the bottom is in (clear case via technicals (volume, price action, trend reversals(ma confirms), XOI accompanyment, etc)) then, imo a discussion of the nature and character of the second move up is in order. Since the positive fundamental back drop is now far more "visible" than it was last year, then I suggest that going forward the rallies will tend to be longer and sell offs tend to be shorter and shallower - after the sell off I see presently before us (if we get it). IMO the greater danger is being out, not being in, for 90+ day people like me. That being said, your timing on SII and others was most excellent. Congratulations. Breadth Improvement - By this I mean stronger participation by later cycle OSX issues such as those with greater exposure to offshore drilling, and deep water as future earnings comparisons become more visible and believed. The 6 month time frame CONSERVATIVELY allows for that process to occur. Better shot at higher % gains? Of course they will tend to take more time to build momentum. Ex.: DO, RIG, FLC, & VRC And all their non OSX brethren: GBL, HOFF, NOI, OII, OLOG etc. Seismics? I don't get seismics yet and exactly where they are in THIS cycle. Perhaps you could treat us to a "Slideresque" dissertation on the subject. "Seismic for Dummies" (me included). Clearly they are being treated as late cycle items - almost as late as fabs and yards. IMO one of the "advantages" that the OSX investor still has over tech investors are clear and definable intermediate technical targets. I don't begrudge any one making a profit - just discussing MY plan. It suits ME best. Since I tend to do better with intermediate trading than with a shorter term style - I'm goin' with it. If you can nail most of the shorter term moves, then, buy all means - GO GET 'EM TIGER. I know from past experience I won't be able to. So be it. For my internal make up - the greatest risk is losing focus and over trading. But those are MY flaws, and only I need to compnsate for them. If I can get most of an intermediate move in a bull market in most of my stocks, I'm satisfied, and leave it there. However, one of the great things about this thread is I have expanded my universe of OS stock to buy. Remember - "I've got one word for you - GLBL"? In the old days (before deep water was a gleam in Big Dogs eye <g>) I'd just buy BHI, GLM, DI, and VRC and be done with it. Being introduced to new stocks introduces the element of tactical error. FGH is a case in point. I intend to to better the second time around. I'm starting to get real busy with other projects so I can't watch the tape as much as before. One of those projects is a massive links page on the Oil business. I plan to make this my home page on my ISP's site, thus available to the whole world (talk about yer stage fright! <g>). The oil business and the attendant economic issues are MASSIVE. My IE 4.x book marks are becoming OVERWHELMED and are thus inefficient - way to much clicking. Perhaps you would regal me/us with "Sliders Top Three Oil Sites". If not that's cool too. Good fortune to you in patch. It's back to the html bitstream for Bullsky. I'll see ya at the top. Bull