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

To: parcival who wrote (65307)	4/26/2000 2:39:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

re: FLC ? resistance at $21ish if anyone wants to short - this is where the risk is. hold at $18/19 - not much substantial risk, or reward buy at $15-$17's - little risk, much reward I am a strong buyer of FLC at $17 1/2 & $15 1/2 - with big limit buys for me right there and I would allways gap my buys like that - not, chasing 1/2 point moves etc. ? When we move in 15-20% cycle legs - why do people chase 3-5% moves to average down ? Make it worth your while in this volatility imo. I would hold at $18/$19 here, especially if you are in for the LT - and I would only be short at resistance - Luc's too late imo... ESV at $33 - perhaps; I just sold for a 1 1/2 point move from buying this am at 30 1/2 - after having sold at $33 earlier - tomorrow maybe I get to buy back ESV for the third time in a week, or so if the ECI & GDP numbers scare the market... ? Gotta pick your spots - the way I see it - nothing to rally the OSX tomorrow, but one hell of a lot to cause a sell off imho... Leverage those risk vs. reward plays... I want cash for tomorrow for the NASDQ & the Oilpatch - as it could be one hell of a buying opp day imo. If I am wrong ; there is still nothing to cause the Oilpatch stocks to outrun me... way, way too many buying opps here - look at BSNX ! up 5/32nd's after THAT tremendous earnings release and a couple of nice wells drilling !?!?!? It's all about leveraging risk vs. reward & convergence/divergence plays imo... not a lot of reward today/tomorrow in the oilpatch imo - but, one hell of a lot of risk... Here is a though; bad ECI GDP numbers tomorrow - we blow off on monday and then get bad API's tuesday... where is the Oilpatch then ? I will be positioned to BUY & LEverage that opportunity - because there is NO downside - nothing to be a catalyst to cause to miss the train... a no - brainer ~ risk vs. reward...