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To: The Ox who wrote (58711)	1/19/2000 1:02:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Awww C'mon MikeyH; re: me a "joke" with BHI - how soon they forget... re:your comments of - <<Slider can be a joke. Now he wants BHI in the 20s and 21s when he had all the time in the world to buy at that level. Slider is always looking backwards and rarely looks forward. Recent comment from him say things like "who would buy CAM at this level?", >> ----------------------------------------------------------- <<*BHI: In $16 7/8ths - sold for a margined return of 22% (in) To: marc chatman who wrote (56544) From: SliderOnTheBlack Thursday, Dec 9, 1999 10:24 AM ET Reply # of 57699 BHI - filled @ 16 7/8 - sitting 15 3/4, 14 1/2 - then loading @ 13 1/4 & crazy @ 11 1/2. (out) To: Winkman777 who wrote (56593) From: SliderOnTheBlack Thursday, Dec 9, 1999 3:39 PM ET Reply # of 57699 I'll take a margined 22% return daytrip on BHI - out & kept a few zero basis LT shares...>> ---------------------------------------------------------- Mike - I have a few shares left from the $16's - and yes; you were right I did have lots of time to buy at that level - actually much, much under that level - and I did ! Because you are in & out on the thread; you do miss some of the active trading done here, so this is not attacking you at all. While BHI & CAM have moved "okay" - some of us have made some major margined leveraged trades like that of VPI - which is a "double" - now FGH closing in on a "double" - VTS a 40%+ 3-4 day trade, sold 6 margined plays yesterday all up 10% for the day = 20%+ on margin; and I was certainly one of, if not the first one to say I was selling into the "pop" which looks prudent today in retrospect ? - got to buy back some shares much, much cheaper, or to rotate into other plays and do it all over again. Not getting reckless here - we have bottom support of crude & nat gas prices moving nicely here; so while simultaneously watching the NG & CRUDE tapes; and using tight stops - I can trade on 2:1 margin/50% maintenance - and make some really nicely leveraged short term trades here. My point has been proven here on each wave we've had. The mo-mo fav's like SII BJS CAM WFT - move first & retrace first; the others follow and the laggards & small caps back & fill next. By taking profits quickly - and ahead of the crowd on the mo-mo fav's one can rotate into & catch another play on laggards, or small caps. I have 6-7 stocks that I am positive have 30-50% upside within weeks here and I do not feel comfortable about saying that for CAM SII WFT ESV RDC et al... time to shift some money around imo - thats all - no reason to sell if youre a buy & holder. My point is that CAM SII are by any measure well ahead of many of their peers on a fundamental valuation basis. I know emotion shows when someone talks about something than one holds dear in his portfolio - but, I stand by my point between earnings periods here and off of the acceptance that OPEC will extend cuts - what's going to keep CAM BJS SII propped up here between earnings periods ? I think some laggards & small caps have much, much more upside and I would continue to sell into these spikes near resistance. Don't particularly desire to cut & past the prior posts on where I sold & where I bought tops & bottoms of these prior OSX legs - but, I've been pretty accurate on both ... "if I do say so myself" (VBG)... CAM is a great play - but simply a bit ahead of itself imo - and on any softness here; BHI certainly could see $20-$21's in a day, or two rather easily - In fact I plan to own it - add to my position once again here shortly; just watch.... hell it was in the mid $22's today ? My point is that it has separated to far from its peers SLB & HAL in valaution multiples - simply too cheap, but I expect it to retrace to $20-$21 where I will load up & probably some calls... what is wrong with that thinking ?!?! Maybe I'm just spoiled after catching it at $16 ? Michael;good luck as allways - holding, selling, buying techs here ? Ps - I get lots & lots of PM's by the way - I dont need any more... and a little good natured needling of SargeK is all in jest; I still have first dibs on the seat next to him at our "Rig Party" by the way...