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To: Big Dog who wrote (55967)12/3/1999 12:43:00 PM
From: BigBull  Read Replies (1) | Respond to of 95453
 
Good show Dog. At least someone on the thread is makin' money today. <g>

Matt Simmons made some pretty bold predictions about the number of new rigs needed to supply world oil demand BEFORE the Asia Apocolypse. If you do another interview with the "Wild Bull" of the patch, I'm putting in my request for at least .25% of 1 question. <g> What is his outlook for deep water rig demand over the next 5 years?

TIA

Bull



To: Big Dog who wrote (55967)12/10/1999 10:50:00 AM
From: ChanceIs  Read Replies (1) | Respond to of 95453
 
Big Dog - I've been searching the Simmons site daily for the new article on the missing barrels, "The IEA's Remarkable About Face..or who cares," as per your post to which I am responding. I can't find it. Any news?? Thanks.



To: Big Dog who wrote (55967)12/10/1999 12:44:00 PM
From: SargeK  Respond to of 95453
 
Margin, Stop Loss, etc. (The Xmas Effect)

Posted in response to an inquiry:

“I suspect the week between Xmas & New years (when many traders & investors will be on vacation) will be a time of relatively low volume and consequent vulnerability for such issues as FGH. Issues with (reduced) low volume coupled with inherent relatively low Small Cap liquidity selling @ or near 52 week lows will be obvious targets for last minute tax selling and highly susceptible to Market Maker, Specialists, and other sophisticated traders' strategic machinations (or manipulations). I am adding to cash until then should this premise materialize. The impact of the selling may be cushioned by the buying by myself and others who share this thinking. However, the risk of lower prices during this period makes the possibility of temporary dips on the down side (which could trigger the call) a potential hazard which I would make strong effort to avoid. For this same reason I will not set ‘Stop Loss' limits which may also be triggered with similar possible disastrous results.

While the events I have just described may not occur, it really doesn't cost anything to prevent the exposure. While a buying opportunity may present itself during the last week of the year, it WILL CERTAINLY NOT BE A TIME to SELL issues such as FGH regardless of what price which may appear on the screen. If nothing else, REMEMBER THIS: DO NOT let the less than ½ of 1% FGH traders on any given day SCARE (or outsmart) you out of your position. FEAR which accompanies New Lows must be conquered by the conviction one has in this companies future and that the year 2000 will very likely produce the Profits which lead you here in the first place. FWIW

Good luck to all

SargeK”

Note: Fear of further price erosion can be alleviated by being prepared to buy during periods of anticipated weakness effectively replacing the ‘Fright to Flight' and loss with reinforced conviction of a companies REAL worth and potential value.

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