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

To: Post_Patrol who wrote (62814)	3/24/2000 7:10:00 AM
From: Post_Patrol	Read Replies (1) \| Respond to of 95453

One way rise to OSX 120-125?? NOT! We`ll see OSX 85-90 along the way again, maybe even next week. The Patrol,

To: Post_Patrol who wrote (62814)	3/24/2000 9:12:00 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

Postal - re: "OSX sells off Monday" ?/ PS Sarge... Postal - I think you've caught the SargeK-Denial virus... Crude's positive move up here - mere days before OPEC announces is obviously an endorsement of the market sensing that OPEC will increase less than the acknowledged 2.5 M boe needed to bring the supply decline into balance. Postal; in all due respect; that retrace of 15% that we just had was THE buying opportunity - and THAT was the effect from the selling of those who were betting on a selloff and/or OPEC increasing production to levels triggering both negative reactions in the crude futures pits and the OSX. But - unlike many here in the past; you've actually done something pretty savy imho; you rotated to financials which have performed tit' for tat' with the Oilpatch - so its not as if you've not done well - Kudo's for that. What you face now is another trading opp. Imho, take the profits on financials in waves here and rotate into value and/or any & all retraces found in the Oilpatch. I think the Fed should have hiked .50 here and they now know it. I believe that a .50 hike is in the cards coming soon - and it will trigger a retrace of approx 1/2 of the recent rebound of financials. Ironically; Crude Oil's strength post the coming OPEC meeting will be one reason that the FED must act decisively and soon; to a major degree and to a stronger degree than their ineffectual moves of late. You've got a chance to put the financial's move in the cash register and get back on the Boom 2000 Super Train. Actually - I am not one to buy/chase BJS SII ESV RDC here; but value still abounds - PGO , FLC RIG(not unrealistic here for drillers)HAL, BHI still reasonable and the real value is in the production side; in the majors, mini-majors & Integrateds. Names like TX MRO COCb UCL are gems here, within 10% of supproted bottoms and having conservative upside of 30-50% thru year end. Also stocks like BR UPR OXY KMG are still very cheaply valued and are conservative plays going forward. Postal - there "aint" going to be no stinkin OSX 85 any time soon - bank on it... ================================================================= O/T - re: SargeK Sarge; lighten up here Sluggo. We would just ignore you if we really didn't like you... You certainly at the very least, keep things interesting, if not entertaining... I think what brings most of the criticism, sarcasm & commentary toward you; is your fatal attraction - one stock/one company pure obsessiveness. That sets you apart from some of us who may focus on and strongly promote individual stocks from time to time; but we don't do this to the point of the denial of reality - as many of us think you have done. Also; your spamorama posts at times have been a bit selective imho. For example on the Yahoo Cheerleading board - no one ever mentioned many of the fundamental problems with FGH - never was negative cash flow mentioned, never were the problems with the unprofitability of HLX contracts and their marking up to market accounting actions, the reality of the substantial additions to Goodwill were never discussed etc. No one even had accurate EPS estimates. It was as if you guys all lived on your own private , airtight FGH bubble - impervious to reality... Ohh; by the way. As you were in the Intel area of the military. Were you ever asked to take a little "green pill" - put in an isolation tank for days, moved to a dark room - hit with strobe lights & sleep deprived for weeks, asked to attach little wires to your freshly shaved head etc ? ...maybe it's not his fault after all (VBG) ? PS - re: Institutional Ownership - FGH's even at 30% is substantially down from where it once was - and it is still embarassingly low when compared to its peers - 30% Institutuional ownership for a value play is EMBARRASSING and is an INDICTMENT of Holloway's managment - period.