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To: SargeK who wrote (63420)3/30/2000 10:30:00 AM
From: Wowzer  Read Replies (3) | Respond to of 95453
 
Laggards anyone?

So far PGO stands out like a sore thumb!

Also like HGT, but no one else does. That's ok I will just keep collecting my monthly dividends.....



To: SargeK who wrote (63420)3/30/2000 10:57:00 AM
From: SliderOnTheBlack  Respond to of 95453
 
FGH: "why" am "I" buying - now ? simple reason...

To make money - and I will make lots of it here shortly in FGH.

Has to do with the massive call option purchase.Also, OBV shows over 2 million shares accumulated since the end of Feb.

quote.com

Set time to "D" for daily, set technical setting on "OBV" - on balance volume. Selling peaked in Jan with over 6 Million shares, hit 5.25 Million sold at first of March and now is only 3.25 Million from the original down-selling trend. Over 2 Million shares have been accumulated since the first of this month.

Also; the huge Call Option Buy of - 980 Aug $7.5's was just made...

Technically the hit of $6 1/8 this am hit the lower band of the short term Bollinger's & the stock has rallied strongly each time this has occured - nice breakout moves in mid Jan & late Feb off of these same technicals. - each move was over $1.50 - $2. Pattern of lower low's & higher high's - portends a move to a new trading range imho of $8-$10. Big money is accumulating - on what one may reasonably assume is a little more than merely "good faith & positive expectations" imho...

I personally do not think that anything substantial has changed fundamentally for Offshore Newbuilds for the nearterm; but if Institutions - given this huge rising tide that has lifted all boats - except FGH; "now - finally" choose to view FGH's NAV as $8-$10; who am I to argue with them (VBG) ?

Lots of rumors about new contracts, activity in the yards etc - nothing I have ANY direct contact with, or privy too, but the rumors are flying - and we DO have 2 Million shares accumulated this month alone + a major call option purchase.

It "aint" emotional - it's purely mercenary... all about money.

Loading the boat here fwiw....

Do you own "DD" - and honor & respect & act upon the technicals here - and in the near future for profit taking, or stop losses on the trade - all in my most humble "personal" opinion of course...

caveat emptor~

Again; I've allways said - when there was either a TECHNICAL, or FUNDAMENTAL reason to go long, or short - or to exit FGH; I would act unemotionally - only looking to make money - period.

I am unemotionally buying the living shit out of FGH right here, right now - not because I have ANY confidence in management, or respect their past performance, but - ONLY to make MONEY - period.

You can make as much money "trading the traders" as you can "trading the stock" - you tell me which I am doing here (VBG) ~

Bottomline: - due to the trader's massive accumulation activity here - looks reasonable to conclude that "someone knows something" - does it not ?

For SargeK & Oliver Stone; no conspiracy theories, or boiler room manipulations here - strictly trading.

See you at $8-$10 prior to the release imo; and who knows - maybe I'll go short again at $10 & ride her down to $8 (VBG) ? - it's like being a switch hitter in baseball - it doesnt matter if they bring in a lefty, or a righty ... just switch sides in the box. Long, or short - money is and can be made in both directions...



To: SargeK who wrote (63420)3/30/2000 2:48:00 PM
From: chowder  Read Replies (2) | Respond to of 95453
 
Ok Sarge!!!

I capitulate! As a former Marine, I can't use the word surrender. You understand, I'm sure. <g>

You helped to convince me Sarge. I'm in. We're on the same team now.

I notice Slider is on the team now too. Good grief. Sarge, are you sure you're not the one working in the boiler room? Just kidding Sarge.

Ole' Post Patrol has me thinking in reverse here. Since I was against FGH, I thought I'd buy it.

So far, a good move.

I try to keep an open mind, let's see if your prognostications come true. I'm watching your six now Sarge, you're in charge. <g>

Regards,
dabum