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

To: Jane4IceCream who wrote (64516)	4/13/2000 4:50:00 PM
From: jim_p	Read Replies (1) \| Respond to of 95453

I had an order in on FLC for 18 7/8 and didn't get filled? You must have my shares. I was able to buy some KEG, PGO and VRC today. It would have been nice to have some more FLC also? Maybe I'll get the FLC cheaper tomorrow. Jim

To: Jane4IceCream who wrote (64516)	4/13/2000 5:47:00 PM
From: SliderOnTheBlack	Respond to of 95453

Online broker freeze's & crashes - are getting @#$)%# old... Tried to buy some ESV & GLM near the close and now Datek froze up on me for the first time in a while - couldn't get either trade executed. I just closed out my DLJ Direct acct - their "Marketspeed" system (what an oxymoron that turned out to be !) froze up at peak times so often it became a joke. I don't know what tech traders do when some of those $200-$300 tech stocks are moving $5-8-$10 in seconds...someone needs to sue these bastards for advertising for and taking on more new clients than their systems can handle. ...Oh well; Maybe a blessing in disguise; perhaps ESV and GLM are cheaper yet tomorrow - right Bullsky (VBG) ? SargeK; ahhh hmmmm; actually you finally saw something to crow about in FGH imho; F-I-N-A-L-L-Y ! FGH was "green" on a "red" day ~ timing is everything ole' Sluggone ... KEG firmed up real nice, RRC's volume signals a move ahead, some small caps really cheap here again with quick 35-50% moves potentially imo. I think the OSX is going to look real, real attractive to all that "cash" on the sidelines and for people looking to move out of techland - I think we get strong buying very quickly here. I am selling my E&P's continually into this strength - EOG NBL UPR all nearly doubled off the bottom etc. and am rotating back to an overweighting to drillers & service. I may be 85% back to service/drillers - a complete reversal of where I was just recently... the risk:reward to commodity prices and the mo-mo impact of rotation money makes these the play here. Drillers are going to be working at peak utilization regardless of $2.50 or $4 Nat Gas - don't forget that point. Their dayrates will actually outpace the upside to the E&P's upside in commodity prices going forward here - yet another reason in addition to the valuation gap closing; to overweight back to service drillers imo. I am finding myself loading up in just a couple of E&P stocks here - still have lots of BSNX for my Gas play & PXD for an oilier name - couple of integrateds I am still holding some - KMG TX P UCL OXY all still way too cheap to be selling here. Late cycle plays like FGH UFAB HOFF MDR VRC/TBI are starting to make sense imho as well on this pullback - haven't owned VRC in some time. I knew E&P's would close the value divergence gap - even though they may go higher yet off of great earnings; I think we'll see lots of profit taking & regardless; many OSX names look like they have more upside on this next leg of the cycle to me. Sorry, but I can't not sell my EOG NBL BR & other mid-caps here ; UPR all gone etc. I've bought HOFF UFAB FGH MDR on this selloff, dipped a toe into KEG CXIPY & VRC looking at SCSWF/SCSAY WG on further weakness; and am about to leverage into and load up on a driller basket of FLC GLM ESV RIG and add more HAL & PGO. Bullsky; this selloff into the close is pretty tempting ~? - PGO in the $15's is a near assured double - just a matter of when, not if... FLC ESV RIG GLM - I buy & add ea 5% down from here along with HAL & PGO as far as they want to take these. ESV upgraded today - interesting - it reports tuesday, could be a nice play sub $30 seems a gift - given its mo-mo status of late. I think OSX 100 would be so enticing if seen, for those with cash on the sidelines - or thinking about rotating money from tech; that one can begin leveraging here - gap your buys @ ea 5-7% however, no reason to chase teenies etc. I'll be 2.5:1 leveraged at OSX 100 if seen. I think we turn & run thru OSX 130-140 by Memorial day here. There is no way that mid $30's HAL, low $40's RIG, sub $30 ESV, $16-18 FLC, sub $20 GLM etc does not get huge buying interest - no possible way - given the fundamentals here. Bullsky, your points on the weakness in the overall market are well taken, but tech earnings are going to be pretty good for the "core" companies imho - tech's have retreated enough that the NASDQ will get some buying support very shortly. I think the wannabe's continue to get blown off - but, the real players get support here soon in techland. I can't imagine there is over another 10/15%ish downside to the NAZ ? Good API's next week and with crude basing here along with $3 NG - we are coiling for a leg similar to last year this same time; which should give us legs similar to the run ups of 1997, or Jan & March 1998's - with moves of 25-35% in 3-5 weeks. We will see $50 HAL, $20 PGO, $60 RIG, $45 ESV, $30 FLC faster than most expect imho... then let those small caps begin to run. With 10% moves intra-day in stocks like RIG & ESV - if you can start averaging in heavy here and catch an intra-day low and then sit on another limit buy another 5 to 7.5% under that - you're going to be a happy camper real soon... I "AINT" waiting much more on many of these....my heavilly baited fishing lines are out. If you want to get a bit "heady" - pull up some 1997 charts for the OSX names ~ the possibilities are intoxicating ! I honestly; will be very disappointed if I do NOT get a trade-leveraged/margined portfolio double thru year end in the Oilpatch.