To: Post_Patrol who wrote (63858 ) 4/5/2000 12:53:00 PM From: SliderOnTheBlack Read Replies (2) | Respond to of 95453
Support at 100-105 Postal, won't see your 95 imho...BUY FLC ! But; at least you've raised your target now from 80-85 (VBG). Buying FLC RIG - good buy on HAL Rory, I'm allready holding some from mid $30's otherwise I'd be re-entering/buying here too. HAL is a no-brainer, as is RIG and FLC. There is NO OTHER stock in the ENTIRE oilpatch with FLC's risk vs. reward upside - "if" we indeed do see a 2-3 year oilpatch boom - none. That SSB & some of these other brokerage houses have put up $50,$60 and $70 price targets on FLC here is not blue sky - not what so ever... It is a rather simple concept to FLC here; they have more capacity to bring to the market at peak dayrates than any other driller - those cold stacked rigs from the Cliffs Drilling purchase will be hitting the GOM running at peak dayrates and FLC will be THE cash machine of the entire oilpatch. Also; we have NOT seen the rotation, momentuem players yet - and when the daytrader - momenteum players do arrive - FLC is a name they all remember and FLC will be in Worth, Individual Investor, Barrons etc on everyone's buy list... FLC - THE play here.... There is no other component in the OSX with 3 bagger potential from here and FLC could be a 4 bagger from $17-18 to peak cycle highs (an 8 bagger on margin ?- imagine that...). The Dirty Bird may alone take me to critical mass... I may end up holding 75% of my portfolio in RIG FLC HAL PGO here on further weakness - 25% remains in some integrated-mini-majors, a few remaining mid cap E&P's and BSNX as a large position play on NG. At $16 - FLC will become 40% of my entire portfolio at the minimum... only because it will be a near historic value anomaly opportunity imho. Again, my goal has been to positon myself 100% invested in a buy & hold mode - and only "trade" with margin; If FLC hits $16'is, RIG $40, PGO $14/15, HAL mid $30's - there will be no upside risk vs. reward wise to be an active daily trader and trying to time the moves - I'll become the happiest "long term holder" in the entire oilpatch if those targets get hit here... I'll trade with margin - that's if I have any left if FLC hits the $16's, or those other stocks hit those targets... Bottom is near - watch API's do a reversal next week... OSX 130 by Memorial day imo. RIG FLC HAL lead the breakout and PGO is the laggagrd/value play. I will add P TX OXY UCL all the way up; with my profits from the OSX rally fwiw... great buys - but they wont run with the OSX on the bounce imho. Got FLC ?