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


To: Brent Hogenson who wrote (56950)12/15/1999 10:57:00 AM
From: SliderOnTheBlack  Respond to of 95453
 
RIG ? now, or wait for SLB sales ?

Brent, I'd agree - if we bust out here and are at OSX 90ish - then RIG would be perhaps selling off from $35 (VBG); I dipped my toe in here lately at $25ish; I can add on any SLB selloff if we see it, or just hold a half positon, with the option to add into strength if it cuts & runs.

I got the 3 value gifts in drilling here; RIG FLC PTEN - and that covers Ultra deep , shallow - Intnl & land pretty damn well and very cheaply imho. That triumverate was a gift.

Tom Dorsey a great technician; was on CNBC he's seeing some major indicators clicking here in the overall market- see's the cracks in the damn... Now, if we get another 3-5 M boe API drawdown AND a DOW/NASDQ blowoff simultaneously - maybe we can touch OSX 100 by XMAS ... and what did MEXP need to hit again (VBG) ?

- you know, I actually am beginning to think that there are some boiler room, cretin, manipulators shorting MEXP just to keep it under $4 by XMAS - artificially holdin it down and I know who my primary suspect is (ROFLMAO)...

In all seriousness; If we break out here for a nice 20%ish rally which could easily happen; good time to start "DD"ing those laggards/small caps again.



To: Brent Hogenson who wrote (56950)12/15/1999 11:01:00 AM
From: articwarrior  Read Replies (2) | Respond to of 95453
 
Oh my I guess someone else noticed UNT!

What a shame<VBG>

Enjoying the ride

Arcticwarrior



To: Brent Hogenson who wrote (56950)12/15/1999 11:25:00 AM
From: diana g  Read Replies (2) | Respond to of 95453
 
<<"Everybody is expecting a [RIG]sell off when the merger is completed. And when everybody is expecting something, it usually doesn't happen. ..."

Hi Brent, Well, obviously not everybody, but I like to think I'm in the vanguard of those expecting a Big Dip. I'm noteing your name as one who disagrees and will be posting vehement demeaning comments later about your sexual preferences and mental inadequacies.

Holding other sector stock while waiting to see how the SLB stckhldr RIG shr thing plays out....Shrs which can then be sold to buy RIG at the time the Dip does/doesn't happen, minimizes the chance of missing a sector move. Why take the risk of a Big Dip when this strategy will still get one into RIG at (relatively) the same price at least, and possibly a much better price?

"...And when everybody is expecting something, it usually doesn't happen. ..."
---In this case, I doubt the market can adjust in advance of the event. There's just too darn many new RIG shrs coming.

Also, if the Big Dip does materialize, I plan a long Slideresque series of posts based on the theme---
"diana told you so, but you wouldn't listen, would you? Nooooooo--- She's just a grrl." Wouldn't you hate to be down $10K and reading that stuff? Better to play it safe. BWDIK????

regards,
diana