SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Think4Yourself who wrote (55270)11/23/1999 10:34:00 AM
From: Harold S.  Read Replies (1) | Respond to of 95453
 
MDR now in the 8's. Some guy on the yahoo board predicting the end for MDR. Buy more or bail!?



To: Think4Yourself who wrote (55270)11/23/1999 10:55:00 AM
From: SliderOnTheBlack  Read Replies (1) | Respond to of 95453
 
OEI - kid's at home - don't do this....

Well; JQP - time for a "bet against the market" - I call on OEI here; filled at $7 15/16ths - and sitting as large as I ever have on anything in my life at $7; will be fully margined and will use the home equity line to gladly cover any calls....

This is NOT what I would ever recommend to anyone else; but - unless someone invents something overnight that makes the internal combustion engine obsolete - I will "bet" against the Street that with $26 crude - with OEI 1/2 of its price from last fall with $12 crude; given OEI's debt reduction, improved cash flow - and projected 10-15% production increase next year, its offshore drilling portfolio & SGO acquisition etc.; that it will NOT remain a single digit stock for long. $11 is a gimmie and $12-$15 when the tide turns.

We are looking at a fundamentally supported "double" with only $18 Crude & $2.15 Nat Gas !

This is an "anomaly" - and I am betting LARGE.

... nothing else to say.

These opportunities may not ever again arrise; $26+ crude Oil with a quality E&P at 1/2 of its former price; 50% from its recent high - and uptrending individual fundamentals and rising commodity prices !?!?!?!?!?

I will take that bet - every time; and at a high risk level.

nothing more to say; - I live, or die like a hero, or a zero on OEI - period.

I will have a margin leveraged "triple" at $11-12; or I will have .30 cents on the dollar of my trading capital when the dust settles. I accept the risk and the odds.I'm actually estatic to accept the odds here.

Again; not that I recommend this to ANYONE else.

I call...