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

To: Jane4IceCream who wrote (65382)	4/27/2000 2:29:00 PM
From: SliderOnTheBlack	Respond to of 95453

BSNX... I buy sub $12 1/2 Hold untill $18-$24 - will sell into the move there, or if we see a major 1-2 day pop to $16-$18 very quickly I may sell a quick pop. As jimP & others have mentioned - in addition to CEO Mike Smith in the annual report that's out - they missed their 1999 Production Targets - but, that is vastly overshawdowed by 3 things that few, if any other companies can match. 1. Best balance sheet in its peer group - low, low debt. 2. They did not hedge going into this NG rally 3. Have much upside via the drillbit and have some allready known, but not valued production coming online 2H 2000. It remains one of the best buys on an earnings and cash flow per share basis. Just like CXIPY & PGO, be patient - buy & own the true value and wait for the upside. I guarnatee you that CXIPY PGO & BSNX - outperform mo-mo fav' CAM for example and the OSX from today to year end ... We have great fundamentals here - great, but these big Institutional buyers are NOT going to chase much higher - how many damn times have we seen everyone here fail to take profits on the rallys off of good news (again do it in 2-3 sales - spacing the profit taking out on ea 5-7.5-10% move upward) only to chase the rally and fall directly into a retrace ? Sell these rally's and buy the pullbacks. The time to add & to ride the wave will come in perhaps the next qtr - drillers are 1 qtr away and OS 2 qtrs from REAL bottomline numbers indicative of "chasing, holding & adding" - but, not yet... for right now; it AINT broke - so dont try to fix the SELL THE RALLY - BULL the PULLBACK game & rotate to laggards play... Do it ~ PS - tech is worth some quick "DD" - not too late... cable/telecom/wireless is low risk - ala WCOM up strong here...semi's strong, lots of value still there..