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...