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

To: SargeK who wrote (60715)	2/22/2000 3:06:00 PM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 95453

SargeK sold at $5 15/16ths now huh ? -ROFLAMO ! And now you are a daytrader ? re: <<FWIW - FGH stock has been carefully controlled (manipulated??) for months. Huge BUY or SELL orders (20k - 50k is not uncommon)suddenly appear and disappear with little change in total daily volume. Quick response coupled with agility provides one with an opportunity to make quick; but, usually small profits. >> ... that takes the cake. Interesting Yahoo post here: messages.yahoo.com Sarge, you would have been believeable if you would have posted when FGH was trading there (not an hour later) - now you sold at the high tic of the day too (after it retraced again) -ROFLMAO ! ... I'll leave the reaction to the Yahoo poster. In a nutshell on FGH - why bother ? again, all the risk is here in this range. Its obviously stuck in a trading range. The Ocean Rig settlement couldnt move it, this "all the news, nothing but that bad news" release didnt rally it. Basically - ANY further bad news, charges, higher loss than estimated today, further asset sales - WILL take it to a new low - I think $3ish will still be seen in this stock before they report - just watch. FGH simply needs hundred of millions in new core Offshore RIg Construciton orders - needs them ASAP, or put a fork in this one - period. This is the single last company I would take IR, or Press release direction from. If there is ANYONE who must be made to "show us the money" before investing - it is THIS company imho. At least one broker made FGH non-marginable - that should not go un-noticed by either longs, or shorts here. There remains - virtually no Institutional Interest here as compared to its peers. When we see a couple of 500K buy blocks - then I think we can start sensing a bottom. If some Institution is not willing to buy a platry $2.5 Million of FGH here at this price (same as a puny 80K buy on RIG for example - it is NOT at its bottom... We have NOT seen any major Institutional buying - no major block buys. I predict there is a major 2nd shoe to drop before earnings are finally released. - They are buying time imho and that brokerage house that made it non-marginable, knows it imo.