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

To: SargeK who wrote (63833)	4/5/2000 9:40:00 AM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

Didn't realize we had so many newbies in this sector. Sell the dips and buy the rallies, all small trades selling so far. How does one make money by throwing it away? Maybe that's why they are all small trades...

To: SargeK who wrote (63833)	4/5/2000 10:30:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

SargeK - no institutional buying interest in FGH 1 day prior to "CC" ? ie: 40,000 stinking shares ? At least we know nothing has been leaked out... I'll give FGH credit for that if nothing else, but honestly; I would look for FGH to have moved thru $8 1/2 ish testing resistance prior to the call. That there was some large selling at sub $7 regardless of what the rest of the oilpatch was doing is NOT a good omen imho. Look at the integrated Oil's yesterday - held up perfectly; if something is "really" dramatically oversold & a true value, it wouldn't blow off nearly 20% intra-day imho ? I bought a partial position on yesterday's blood bath - for a bounce play if nothing else... I like the technicals better than the fundamentals for FGH. I use tight stops - caught some at $6 7/8ths - missed the $6ish shares; but I've traded in & out pretty well on ole' Freeky-Freide (VBG). Leveraged the $6 1/8 - $7+ move earlier. I think the range for FGH post the "CC" is it runs to test $9ish, or falls thru $5 with a $3 bottom, depending on what JL can show & tell analysts in the "CC" - definitley a time to be "ON" the call and to be watching the tape - livetime... Still don't think Freide has much of a chance to see $20, let alone stability in double digits without " Offshore Rig Newbuilds" - run the #'s on repair & refurb - and the boats ? - hell, FGH had to "mark up - to market - read profit" the HLX existing "boat" work in progress did it not ? FGH will live & die and only fly - on OFFSHORE RIG NEWBUILDS - we've seen where the Street valued shipbuilders of late - ie: HMAR HLX etc. Untill FGH proves it can bid profitably and then execute the build & delivery on time & on spec; I'm not so sure the new orders are even really the problem the Street is looking at ? ... no question that Boom 2000-2001 brings many new orders, the 3 questions are : 1. Newbuild Rigs - when & if 2. Margins & earnings 3. Merger synergies & how much trickenology in the accounting ? - lots of goodwill being packed on imho... how many assets being sold etc. We shall see... PS: I think you're 3 for 3 on coming out with the sparklers & pom -poms only to walk headlong into a blowoff ? Please, since I'm holding a few shares long now; hold off on the cheerleading untill "after" the fact - please (VBG) ~ Like PGO FLC on any weakness here ! My 3 fav's on this blow off were FLC PGO BSNX and I bought some RIG as well. PGO BSNX FLC all are "doubles" to peak cycle from yesterday's lows and are 50%+ upsider movers within 2-3 qtrs imho... $18ish FLC with a $70 price target - hmmmm !?!? $18ish & under FLC again is THE buy of the patch imo...