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To: SargeK who wrote (61007)	2/28/2000 10:17:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

o/t SargeK - re: Institutional ownership & shorts in FGH: Sarge; you don't have up to date #'s - but, you are missing my point entirely. FGH's Institutional ownership is dramatically down from it's earlier days - you know; when it was "Alleged to be the yard of choice" - and not the public butt of jokes on it's customers Analyst conference calls... It's Institutional Ownership is vastly lower than ALL of its peers - whoa ~ up to a whopping 17% now (ROFLMAO) and should be a total embarrassment personally to Holloway; as it is clearly a slap in the face - as is the growing short interest since January. The shorts have not only - NOT covered a damn triple; but, have approx another 400K shares short since last month according to this link. yahoo.marketguide.com Institutional Ownership % Shares Owned 17.05 # of Institutions 100 Total Shares Held (Mil) 6.800 3 Mo. Net Purchases (Mil) 2.849 3 Mo. Shares Purchased (Mil) 3.455 3 Mo. Shares Sold (Mil) 0.607 Insider Trading (Prev. 6 months) Net Insider Trades -1 # Buy Transactions 0 # Sell Transactions 1 Net Shares Purchased (Mil) -0.050 # Shares Purchased (Mil) 0.000 # Shares Sold (Mil) 0.050 Source: Vickers Institutional Research Short Interest Month Shares (Mil) % Outs. % Float Days 02/08/00 1.813 4.546 9.111 4.158 = 1,813,000 SHARES SHORT ! 01/10/00 1.435 3.598 7.211 3.899 SargeK - bottomline; I really don't like smearing your face in the biggest piece of Shit stock in the entire oilpatch of late. 1. You've been singularly obsessing on this one stock since $18 all the way down to $5 beyond the point of being obnoxious. It's clear to all that you've gotten emotional to the point of needing psychological help. You don't invest, or trade; you latch onto fatal attraction vehicles in which to fight your inane, psychotic-paranoid battles against imaginary stock manipulators and internet secret agents... 2. FACT - everyone here knows you have LOST YOUR ASS - as has everyone who has been in FGH since last year. 3. NO ONE BELIEVES you phantom of the opera - daytrades for teenies; in which you claim to have averaged down, lowered your basis, made a profit YTD etc... - I remember you claimed this on Cityscape which collapsed in total freefall from $30 to pennies and Bankruptcy - you are a bullshit artist and an obnoxious fool; nothing more nothing less... Do your little cut & paste drivel laden, spam of the day updates - we've all been waiting for more "good news " that will crush those shorts and take this back to $20,$30, $40 with baited breath... SargeK; I hold no position in FGH and it is such a piece of SHIT - that I really don't care; there are far better shorts in tech-net land and it isn't even on the chart for a bottomfishing candidate because of the late-delayed reporting, unknown asset divestitures, inability to rally on ANY news etc. I would "pile on" on a momemteum short play should asset divestures, or dramatic future additions to "goodwill" indicate the insolvency that many insinuate it's accounting may ultimately indicate... At best; FGH is a "Show me the Money" stock - only a fool, or an addicted "Gambler" plays such stock in THIS type of coiled spring sector with so many stocks haveing tremendous fundamentals. There "could" be a time to return to FGH; I have NEVER denied there "could be." - but, that would be when the industry and FGH in particular fill the vaccuous backlog of newbuild offshore Rigs, or when the FLC's of the world have their still virtual "fleet" of stacked offshore rigs working at dayrates supportive financially of newbuilds - really pretty simple stuff... FGH is merely a fool's pick here. No one in this incredibly strong fundamental value laden sector who factor's in risk at all; given all the tremendous value plays here and who has a double digit IQ is interested in FGH imho... There are some Institutions who are supporting the stock - hell, there were in Cityscape too... If you want to "Gamble" - I still say; do a "pureplay" - go to the 7-11 and just stand in line and buy scratch off lotto tickets... Sarge; you were the laughing stock, village idiot of the internet back in the Cityscape Days - 2 years ago; now you have re-surfaced with a new fatal attraction obsession on FGH (with a HMAR Bankruptcy in between too) - nothing's changed; you have lost your ass and FGH needs a 6-bagger for you to break even from your margin call losses and have anything to cheer about... keep cheering the pimple-pop rallies; it's amusing... to the rest of the sane world; FGH has been crushed and can't get up off the mat - but, you somehow keep seeing rallies to cheer about ? Sarge; try looking at a damn chart ? It's momenteum down has not been stopped... It's at $5 1/2 Sarge, not 25 1/2 - maybe this is all due to your dyxlexia, or bifocals needing adjustment - do you know its at Five dollars Sarge ? With top tier companies like HAL, EOG, BR, UCL, MRO all having 50% upside to just their recent highs and near alltime low multiple valuations - stocks like FGH in THIS environment with these earnings and commodity prices aren't even on the chart for anyone using either side of their brain ? Again; re: FGH; in THIS environment - WHY BOTHER ?