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To: kodiak_bull who wrote (80985)12/7/2000 2:59:33 PM
From: jim_p  Respond to of 95453
 
KB,

That's why it's nice to be in cash.

Just picked up 20,000 shares of NR, down 9% to 7.00. Glad I sold it back in the 8's.

Jim



To: kodiak_bull who wrote (80985)12/7/2000 8:38:56 PM
From: The Ox  Read Replies (1) | Respond to of 95453
 
I think there is a very good chance that FLC will reach the $12/13 level, which would likely reduce RIG to the upper 20s/very low 30s. RIG and FLC are multi-year plays and while the future looks awesome, there are issues which make them suspect for the short term (merger, RIG's recent warning, major cap-ex spending not where many thought it would be at this stage, etc.)

Most of the folks who bought FLC this year have a losing position. I think with the market jitters, combined with the current downtrend, there's a very good chance for the selling to continue. We are approaching what looks like strong support on the weekly chart. I base my target on the first peak reached in early 99. Looks like the stock is breaking the support line that can be drawn from the last peak of 98 through the 99 high.

siliconinvestor.com

I will be probably buy some under $13 if it gets there.

Disclaimer-Long FLC since $8 (only 1/4 position left after taking profits on the way up).

Anyone see it differently?