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

To: Second_Titan who wrote (86046)	2/2/2001 12:51:25 PM
From: jim_p	Read Replies (1) \| Respond to of 95453

It's one of the few bright spots in a sea of red today. I guess we saw the January effect on the tech stocks, the only problem is we are now in February? /;-( Jim

To: Second_Titan who wrote (86046)	2/2/2001 1:43:48 PM
From: isopatch	Read Replies (1) \| Respond to of 95453

CRK is another good one today. Definitely one of the NG leaders on the tape for those who like to trade em in the weather rallies within the Intermediate Term down cycle. Right now, CRK is in a little intra day consolidation. Looks like strong support in the 11 1/2 to 5/8 are for those who aren't in this nice looking trade yet. Cheers Iso

To: Second_Titan who wrote (86046)	2/2/2001 4:30:14 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

PGO move is merely Kollmnh & DeafWhale buying in ...(roflamo) They're obvious "Closet Followers"... allways were - allways will be. Kollmnh arrived late to RRC - after "some" of us here rode it from $2 to $7 the first time and unloaded it to those arriving a bit late to the "Big & Easy Money" early cycle move; maybe this time Koll privately is getting onboard "early" for once (VBG) ? ...twas kind of rough arriving in RRC at $7 and then riding it all the way down to that $1 15/16ths that he (and a few others) allways seem to claim as their "coup"... I guess Kollmnh just forget to mention that while he watched the paint dry & rode RRC down from $7 to $2; the rest of the oilpatch doubled, tripled, quadrupled & quintupled all around him. ... yes; RRC "FINALLY" did move back to $7 and perhaps the old crumudgeon made a few schekels after finally breaking even while the rest of the Oilpatch printed nothing but money; but my money is that he'll roundtrip it back down to $2 twice in the same cycle (VBG). - anyway; re: PGO ... this was, is and will continue to be - an "EASY TRADER". First; Management is NOT Institutionally friendly - they give little guidance and have managed expectations terribly; allthough Seismic and Deepwater have lagged in their expected recovery within this cycle as a whole... PGO is not alone - look at the Deepwater Drillers like RIG - or the deepwater service & const co's - they've all lagged the land plays and shallow water GOM/Gas levered plays as well; but now ! - they are clearly poised as the laggards with huge outperform upside to the early cycle leaders. If Kollmnh & Deafwhale couldn't figure out how to trade this chart below: - God help them...and they ought to keep their simpletonian asses in mutual funds & bonds ~ finance.yahoo.com I'd challenge anyone to find me a more classic, textbook - "rolling wave" stock to trade. PGO from May 1999 thru this Sept '00 literally "tracked" that $15 to $20 channel like it was on rails...literally in a "trading groove" from $15 to $20 for15-18 mos. If you couldn't and didn't trade this one - by buying near $15 & selling near $20 off the Bollingers - shame, shame on you & stay your old sourpuss ass in mutual funds, penny O&G plays, or mutual funds and bonds...where you belong ~ Let traders trade & let old farts watch the paint dry... PGO is a DCB-chip shot - bank on it. Institutions began to unload in mid-Dec; the stock blew off to $10 and then on about 4 million shares positive OBV; it bounced to $14; then on the actual warning - finally got completely washed outf to the mid $8's here of late. Technically; we just needed to see that "rounded bottom" form on the OBV… now about 1 Million shares off the bottom accumulated - that's all I need to see & went to margin for a helluva DCB trade and a nice LT hold / re-entry. We've seen BHI, HAL, MVK, PDE all blow up & have Institutional Capitulation blow ups; all anyone had to do was confirm that the stocks were washed out by watching OBV & Money Flows and catch the ride… PGO is a cash flow machine -again; as I mentioned and as few realize; it produces cfps on levels only met by SII, BJS & and out "cash flows" SLB HAL BHI. PGO also along with seismic brother VTS; has the ability to accelerate earnings faster than any other OS subsector group - when seismic moves; it runs like a scalded dog… remember; VTS was perhaps THE mo-mo play of the second half/late cycle 1998 OSX rally along with FGH. PGO has those FPSO's and is THE play on Bush/Cheney's push for FPSO's in the GOM as part of their energy plan. Those "call options" that old fart Kollmnh & dimwhale minimized as a mere $48,000 bet personify these moron's petty little jealousy fits… I guess they couldn't see pass their Pinocchio-noses to those May $10's & $12.5's that equal a $400,000 + bet on "call options" - of which what ? - 90% expire worthless ? … I'd not minimize a $400K bet on "calls" on a stock like PGO… as I said; …. There is more to this story than is on the public plate… (remember GOM FPSO's as part of Bush/Cheney's Energy Plan)…and PGO has just done what ? - raised cash by spinning off assets to HAL & selling their Spinnaker Exploration stake... think outside the box just a wee bit…and use a bit of basic technical analysis on this one… perfect rounded bottom with positive OBV, Money Flow & stoch's, MACD all validate it as well. The move is just beginning - a chip shot DCB back to $12-$14 and that's a margined double for 30% of my portfolio…and "IF" we are indeed within a multi-year expansion cycle - PGO is a $30 stock - absolutely will be a $30 stock if the cycle continues . There's another great laggard DCB "story" play here that no one is mentioning and I'm accumulating… I'm not done yet; hesitate to go deeper in margin; but then again; I am hedged in Gold/Silver… PS; that intra-cycle rotation off the initial XAU move thru 50; to the silver plays - paid off; SIL now nearly 50% off its bottom & PAAS 30% from where I suggested rotation to the silver plays… BWTFDIK ? just like calling the NG top to "the day" - the Gold/Silver move has been another horrible call; even though as that chart I posted yesterday confirmed; since JQP's infamous "max margin" move on Oct 25th where he chastised my Gold & Cash move; the XAU has outperformed the Dow, the S&P, the NAZ, the XOI, the XNG and the OSX…. Just another bad call… what can I say - as there have only been about 12 50%+ moves off the bottom in the sector as well… Roebear - remember KRY ? - I; just got triggered out of "some" of my KRY on its pop from the bottom to $1 - a nice 40% bouncer; but I'm still holding a piece LT… TVX, GLG, KRY, KGC still buy on any & all weakness plays here….and SIL & PAAS even though they bounced along with FCX; are still eons from their tops… PGO BABY ~ …. Lever the "DCB" du Jour here and let's dedicate this trade to the Kollmnh's & Dimwhales of the world…as without them as "food" we couldn't be Pigs… Ciao ~