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


To: Think4Yourself who wrote (65081)4/20/2000 4:00:00 PM
From: parcival  Respond to of 95453
 
Great trades my man!

Wish my fingers were as nimble as yours.
I'm holding XTO, BSNX & FLC.



To: Think4Yourself who wrote (65081)4/20/2000 4:55:00 PM
From: SliderOnTheBlack  Read Replies (2) | Respond to of 95453
 
Bullsky's back ! Yeah baby.... only bought CXIPY today - but laaaarge .

Sell BSNX - how & why ? - re: how ? - as in the "spreads"... you couldn't sell on the bid to make enough money to be worthwile trading BSNX today. BSNX is a $20 stock - was, is and will be again, with the specialist so bad on BSNX - not a trader on a 8-10% day imho - because you cant beat the wide spreads, or buy it back right.

The specialist on BSNX is Tough - real tough; a literal "thief of Baghdad" type - so trying to time in's & out's with those spread's is IMPOSSIBLE on a day like today. When Institutions start buying BSNX it moves large - witness the prior bounces. Lots of room to retrace to it's high of last fall near $24 and it was $18+ in January.

It's got the "best in class" balance sheet - and has some delayed production coming online in late Q2-early Q3 + the drillbit upside. Curious to see it's earnings with gas prices here; its becoming a PE play if nothing else.

FranK - GOM action will be drillers like FLC ESV et al & service co's GLBL HOFF MDR - also GIFI UFAB VRC CAM etc all get more orders... but, I think there is a lot of value in OII & CXIPY especially so - right here - right now; as in today.

CXIPY is a momenteum fav and this Technip move to buy a stronger share in CXIPY is interesting; the selloff of late was a gift into the strong turn in fundamentals of late. Down from $60 to the $40's is a gift.

Here is what CXIPY is capable of doing when things get hot & heavy, in comparison to the OSX. Things will explode in subsea shortly (within 3mos) but, you've got to own them now pricewise.

These SI charts aren't the best; but notice how CXIPY far outpaced the OSX rally in 1997, in the first of the year in 1998 and again for the 3rd time in the beginning breakout rally at the first of this year. Also, of note - look at the 40 month comparison return.

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