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To: paul feldman who wrote (58523)	1/14/2000 1:43:00 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

Paul - gotta trade what you know best... I dont know tech that well - besides; there HAS been lots of money made here and will continue to be: UTI quickly comes to mind and is a near 5 bagger from its low for example - I caught a portion of the middle run, but own many E&P's like OEI UPR PXD XTO from the old bottoms & have some longterm account holdings in some small caps at their Jan -Feb bottom levels . BJS is up over 200% from its low of late 1998 etc. While these companies are not getting Qualcomm type headlines; there have been some ".com" kind of returns here. Paul - on FGH we aint fighting teenies; we are playing a $5-$7 range for a 40%+ short term trade. The tic by tic is VERY important, in fact it is paramount to trading FGH right here. Again, we will see $3/$4, or $7/$8 FGH within 2 weeks imo. The tape tells me right here, right now that we may see $7 and I stated earlier why - for purely technical reasons and short covering. I am less than enthusiastic, actually quite bearish on FGH's fundamentals for the next 12-15 mos - but, their NAV and their short position, especially those who arrived here of late; presents a greatly profitable short term trading opp imo. Only time will tell - but $5 to $7 in FGH is the same as a 150 point move in Yahoo after all... and highly more manageable imho. Worst case is a 15-25% move - hardly peanuts imho. I'll look to rolling out of FGH with a 15-40% short term profit, hopefully catching something like BHI at $20 on a retrace etc. FGH offers as much volatility here within days as the OSX does within months potentially. UFAB now up 18% x 50% maintenance/2:1 margined = 36% return in 4 days, or so - $5 7/8th to $6 7/8ths - and I am holding... so Paul, lots of nice opps here; especially if you can roll from one to another.

To: paul feldman who wrote (58523)	1/14/2000 1:53:00 PM
From: Terry D	Read Replies (1) \| Respond to of 95453

Paul - True. If you listen to the traders, this is a tough sector. Like picking through bones. But there has been a terrific secular move in the big service stocks since March. The BOOM 2K believers have made a fortune by just standing in front of this wave - crude has gone from 11 bucks a year ago to 28 today! I think this has just been a terrific move - consistent, playable, fairly low volatility. Much better than the internet plays and just as lucrative in the long run. A perfect counter balance to all the AMATs and INTCs that everyone owns. By just buying quality (and getting pretty lucky picking the bottom)we have a double in SII, over a double in MRL, a home run in BJS and 50% in CAM. The only laggard has been the big boy - SLB. And these stocks trade well - no 5 point spreads in stocks you can't buy on the way up and can't sell on the way down. Although we have owned a bunch of those (why aren't PUMA and ARBA participating today?) You can't say that there has not been real good money to make in this sector. That is just plain wrong.