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

To: Think4Yourself who wrote (59875)	2/7/2000 11:23:00 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

BSNX - lordy ! I got a bit lucky - hopefully anyway... I spun out of most of my BSNX earlier to buy more FST. "Q" - I will say - this IS a good company - period. I am trimming across the board - to load BSNX here - this is literally a gift; they don't have any asbestos in their gas by the way (VBG) ! Goldman lowers eps estimates to .67 from .73 and the stock gets killed 30+% ? - I'm in L-A-R-G-E. A profitable, super balance sheet - low debt, highly respected E&P (70% Nat Gas) with this type of sell off in this type of commodity price environment ? - I'll take this bet. Folks - no hype - do what you want; My info & personal take on this fwiw - is that FST & BSNX were two of the Institutional fav's for non-energy speciality funds of late and they are selling them - as they broke momenteum; and these Institutions are trading/dumping here like they do their other broader market momenteum plays. Once they disappoint - they dump their entire positon - now without any hesitation - just unload and that is what I am told is being done fwiw. I'll take a longterm bet on BSNX without ANY hesitation here;the major factor is this is NOT a high debt - high leverage company and they ARE profitable and very much so, great balance sheet - great upside via the drillbit - and no one, or even two projects are company maker-breakers here. There are falling knives like MDR - hey, who knows; but you can't catch the "V" bottom bounces unless you decide to play - this is obviously in the high risk - high reward phase here as it has not found bottom; but I love it here...this has to be a $3-5 bouncer quickly imo. We shall see; I trimmed other positions to take a LARGE trading position here and will gap my limit buys on down to the mid $6's if they want to take it that low... trade it smart & average in - giving it some room to find bottom - but, this is going to recover and I think it will get a nice "V" bottom bounce quickly... Nothing changed to the degree to take this from a multi-analyst STRONG BUY with a $27 price target to a $7 stock overnight - this is an oversold posterchild and I am "IN". EPS est for 2000 now .67 & prior CFPS range from $3.32 - $4 for 2000 - this is now in XTO valuation multiple range. HIGH RISK - DONT DANCE IF YOU AINT WILLIN TO PAY THE BAND ON THIS ONE - not for the kids at home...(VBG). ...looks like its getting some teeth here.