Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jon Cave who wrote (72413)	9/6/2000 10:56:33 AM
From: Second_Titan	Respond to of 95453

When will there be a chance for bargains? Will OSX 145 be a bargain after this run?

To: Jon Cave who wrote (72413)	9/6/2000 11:00:07 AM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 95453

FGH looking more and more interesting to me. Anyone still following it? askresearch.com Technically it does appear to have bottomed. Previously I could load up on KEG, PGO, NSS etc. But most of the screaming values are gone. Those 3 companies are all still great long term buys, but they're not screaming short term value. At first I thought it was bad news when FGH withdrew the bond offer, but as Slider points out they obviously don't need the money that bad so waiting for more favorable terms is a good thing. Anyway I just doubled my position again today. If/when oil prices break news highs or the OSX does I don't think FGH will get left behind. I may trim before earnings (come Nov) if the tape is trying to tell me something, but plenty of time for a bounce and/or contract announcements. Fundamentally I personally do not know when they'll turn, but the perception is that we don't have enough rigs to go around. If this perception becomes strong enough then I think FGH can fly before they fundamentally turn. If you want a little risk, the Feb 5's at 1 5/8 look real cheap if you think FGH will turn the corner in the next couple months. I am keeping a tight stop on this one. If it breaks 5 I'll probably walk away and re-evaluate, but as long as it holds above 5, then I'm thinking that all the bad news is already priced in.