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

To: SliderOnTheBlack who wrote (75132)	9/29/2000 4:20:15 PM
From: FEB	Respond to of 95453

SLIDER: THANK YOU for pounding the table on GLBL, this makes twice. And many more. Regards FEB

To: SliderOnTheBlack who wrote (75132)	9/29/2000 4:29:25 PM
From: Sharp_End_Of_Drill	Read Replies (2) \| Respond to of 95453

Slider, who loves ya' man? I do. Rode the GLBL express today from 11 to 12-1/2. Didn't sell so I hope you're wrong about ex-tape painting Monday. Speaking of tape painting - despite the fund manager's best efforts the Nasdaq had another rotten day. They tried their damndest to keep VRSN up but failed. Next week should be interesting for some selective tech shorts I've got. ATW? I bought some when it was exceptionally cheap then sold it when it got way overvalued. It's now settled down into the middle of that range so I'm just lukewarm about it. However, it does sell for approx. 1/2 of DO which is the closest match in terms of being a mid-water depth semi-sub company, and about 2/3 of GLM which is also a fairly close match. It's 2/3 FLC and 90% RDC valuation, and 200% PDE - but none of these are pure comparisons. Their next quarter's results are likely to be flat with Q2 while the jackup companies are going to soar. For that reason I like RDC - ESV and MRL are too rich for me. The mid-water depth semi market's time in the sun is coming soon, so you may be onto something here with ATW - just a wee bit early. PGO - not in this lifetime, better places to put money. It may double tomorrow, but I won't lose any sleep - the risks of flatlining for another year are too large. Isopatch - how about that HGT? Sharp

To: SliderOnTheBlack who wrote (75132)	9/29/2000 4:49:57 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

GLBL technicals... Nearly 4 million shares positive "On Balance Volume" since the 25th & + 2 Million OBV the last couple of days. GLBL had such heavy volume proxy buying by institutions on the run from $14 to $20; that the tax loss selling was a given here; buying & leveraging that blow off into a positive "OBV" turn was an absolute market freebie - as was taking profits on the last day of the "paint taping" quarter here today; as those fundies who are still holding size in GLBL; wanted to "tweak" their numbers and they obviously did. We should be able to buy GLBL back at least a $1 cheaper, maybe high $10's mon-tues-wed; especially if we see some pre-API selling/profit taking on tuesday, or selling off of negative API's (if seen) on wed. - I'm looking forward to buying back what I just sold - again; because the tax sellers will be buying GLBL back in size post the wash sale expiration in late Oct- first of Nov. Loved ATW in the high $30's again, didn't sell a share yet - this see's $60 on the next OSX leg - still "the" value in drillers. ... bought some GOLD, FCX & DROOY today in mining stocks with some of the GLBL $. Still playing the "Hat Trick" - profit taking off of Black Gold to keep loading up Yellow Gold & waiting for this bubble & "non inflationary" nirvanna to turn into another history lesson on gravity from Mr. Market.... Apple crushed, Intel crushed, MSFT no longer the bellwether it was, Cisco at crucial support; Gateway hurt bad - and the evidence of a vastly irrational market continued with todays consumer spending numbers; showing spending outpaced income by a 3:2 margin - think about that one.... for every $4 increase in income - the average US consumer is spending $6 ! Income up at an annual 4.8-5% rate, but spending up at 7.2%. Still a tight labor market, massive & reckless credit expansion that's going to implode on the banks in the consumer finance arena, commodities keep rising & co, after co citing Euro & Oil problems and there is no way virtually any sector other than energy; is going to show impressive comps going forward. The World's Fiat Money presses are smokin - money supply & the US account deficit is a bomb with a lit fuse.... We've finally got some people seeing what Oils bleed-thru is doing to the economy; another 4-6 mos of $28-$35 crude & they'll all be believers.... when the Kodak, Apple & Intel warnings become the norm & reality sets in and the market & individual investors start to realize that no one is going to be matching the comps going forward coming off this nirvanna-bubble; then multiples are going to contract dramatically. Vanguard's founder John Bogle just talked about the S&P - which was selling for 15 x earnings in 1990; now its 30+. If we "merely" return to the historic multiples of the 1990's here; the S&P would implode in half & crash to 700. Citibank & a hedge fund alleged to be trading the EURO move with "inside-esque" info; the ESF allready suspected of selling gold short to bail out the deritvative trades of chase, citi, jPm & Deutsche et al; LTC a not to distant memory keeps coming back - this is one tangled web of a market & when it comes un-raveld - this one's going to be nasty. I'm hoping the ESFExchange Stabilization Fund keeps this market supported for a while yet; allowing an OSX run thru 165 - at that point; I start rotating non-stop; all further Oilpatch profits into un-hedged XAU - Gold mining stocks & start setting my Tech Shorts... this one's in the 4th quarter & it's going to end badly.