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

To: bw who wrote (2512)	10/27/1997 11:36:00 AM
From: Big Dog	Read Replies (1) \| Respond to of 95453

From Right Line Report: Fride Goldman (FGII) - I pulled FGII out of the Oil Drillers section and moved it up front to make sure you don't miss it.ÿ This obscure stock has made many traders wear big grins lately.ÿ This coming week may be an amazing week for this stock.ÿ A few very important notes. A call to FGII's investors relation office found out that they will report earnings after the market closes on October 29. The Chicago Board Options Exchange (CBOE) announced it will begin trading options on Friede Goldman International, Inc. (Nasdaq: FGII; CBOE: FQG) on Wednesday, October 29. Initial strike prices have been set at 35, 40 and 45. (Note: strike prices are subject to change based on the price of the underlying security.)ÿ The last time we observed this post split action was on Yahoo (YHOO) which moved up sharply when options started trading on the stock.ÿ The options availability makes the stock more tradable and brings more attention to the stock. Recall that FGII is a rather high TRO stock and volume increases move it along well.ÿ Over the past week, FGII rose sharply from 31 to a high of 41, and finished at 38.625.ÿ Volume stayed strong all week.ÿ This coming week FGII could be an explosive week for FGII, possibly moving sharply as long as volume stays with it and with options beginning to trade on Wednesday.ÿ Optionable (as of Wed.) and the root symbol is FQG. One other note: TO THE STOCKHOLDERS: The Special Meeting of Stockholders of Friede Goldman International Inc.,(the "Company"), will be held at the Capital Club, Capital Towers, 19th Floor, 125 S. Congress Street, Jackson, Mississippi 39201 at 9:00 a.m. on Friday, October 31, 1997, for the following purposes: 1. To consider and act upon a proposal of the Board of Directors of the Company to approve and adopt the Amendment to the Company's Amended and Restated Certificate of Incorporation to increase the number of authorized shares of common stock from 25,000,000 to 100,000,000.