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To: parcival who wrote (63844)	4/5/2000 10:52:00 AM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 95453

FGH $9 ? - sure, within 24 hours if the Street responds favorably to the "CC"... That's why I have a partial position long - FGH is cheap, but with its problems & unknowns it should be cheap. That's where I differ from the Freideholics - I know it deserves to be cheap, but acknowledge that it has substantial upside, but also; think that the heady days of $30-$40 may be gone - as the newbuild cycle that FGH rode may have been a blip on the chart not to be repeated; and also shareholders who got taken on the $45 to $5 ride, probably will be looking more closely at the "cyclical" nature to the high-times of the construction business. I think the other misconception is the merger itself; it may in reality have been two swimmers going down for the third time - deciding to cling to a mutual liferaft... and not the case of big ole' FGH buying HLX on the cheap as many view it to be... There is simply no possible way to spin the HLX merger positively at this point - none. The crowning of DANE to succeed Holloway & the trumpeting of the formation of a new construction powerhouse; only to mere months later see the ouster of Dane & the liquidation of assets - was not a feather in JL's hat imho. *** There is one major signal that FGH has not seen/shown here on prior moves; that is a series of 50-75-100,000 share block buys. That will be the signal that the Street is finally going to put the wind behind FGH's sails... watch for that to happen; any rallies without this type of big block support is a rally to sell into & trade imo. The buy & hold period will be triggered by that big block interest.