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

To: warren harris who wrote (64933)	4/19/2000 8:33:00 AM
From: SliderOnTheBlack	Respond to of 95453

OXY - what a rock solid play... Anyone nibble to add on the sub $20 play. Some fund was selling - as top E&P/Integrateds were being sold off that have super earnings visibility - KMG & OXY were 2 I nibbled to add. Dabum ! - re: FGH; you nailed it. How long have I been saying - "aint no mo $30-$40 FGH, but ! it can be a nice mid teens company with repair, refurb & shipbuilding. ... here's a BIG CLUE for Freideholics - especially ole' Sluggo of the Tyler Toon-Town fame; FGH is NOW trading on OLD HLX valuation metrics folks - hello ! HLX was waffling from $5-7 of late - sound like a familar trading range here ? Still a solid 50% upside to a double as things turn here however, but as Moody's pointed out - IF they have to face any late delivery penalities - it's bad, bad, bad news.... JL had better be out doing inspections on frontlines. But, if you are one of the "holics" who've been averaging down since $18.... RIP. Simply too many other good plays with superior upside and NONE of the baggage with the recent retrace here. Now; if the OSX moves thru 120 and FGH still lingers around $5/$6 - it becomes a nice laggard value again; but with stalwarts like ESV down 30%+ from the recent highs - "who ya gonna call ? - FGH, or ESV ? (that's rhetorical Sarge). MDR is really interesting; but why wasn't there 2 million shares traded yesterday & why didnt the stock POP to $10+ at LEAST !?!?!?! - risk vs reward ? - deadmoney stench ? - worth a nibble, but in an environment when we KNOW drillers are going to move 35-50% here over the next 1-2 qtrs - why bother ? Tech looks like a better "risky" play than the likes of FGH, or MDR at this juncture. For me personally; the Oilpatch is about 50% upside with little RISK - that means no-brainers without any baggage like ESV GLM FLC PGO RIG HAL et al...if I want risk - give me tech stocks instead of FGH, or MDR. - worth a nibble only and if you're going to play them, "calls" may be the way - not to tie up a lot of capital. .... this Techmania is adictive... talk about ACTION - it's dizzying; $20 intraday moves in solid companies - traders nirvanna if you can handle the volatility. Hey; if you think you're a hitter - might as well just bring ole' Randy Johnson out and turn him loose to see if you've really got the batspeed (VBG)~ Off to techland... I "gotsta know"...