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

To: stevedhu who wrote (3832)	11/25/1997 8:43:00 PM
From: Big Dog	Read Replies (1) \| Respond to of 95453

Re GW -- Today, I almost sold everything except FGII and bought GW with the proceeds. I originally bought my first shares of GW for about 5 back in July. That's about back where it is now. Of all the stock, on a percentage basis, I think this one has fallen the most. I never predicted 12, but Jefferies target was 10. My idea is to hope it gets back to the 8-9 area and the sell some 10's covered calls. I think GW is a compelling buy at this level...I would bet the farm on it. I have 18,000 shares at an average price of about 8 3/8, so I'm not in too good shape on this one. However, I did make a lot on it trading in and out on the climb from 5 to 10. The volume today, as well as the weak price, is due to (IMO) selling coming from the shareholders that bought the stock on the secondary offering at 7. I bet when the price fell below 7 they decided to cash out. If you remember, when the scondary offering took place we had huge volume and it took 3-4 days to get past the 7 level while other stocks were going up nicely. I hope with today's volume of 3+ million that this selling is about over....may have some more tmw though. Re OilOnline -- yes I know it. In fact the lady that created the site consulted with me in creating the site and was was talking with me about being a partner in it. She is a good pal of mine from the "old days". It is a great site, but you guys are a little too advanced for it...I doubt if you will find much news there that you haven't already heard about...you guys are info MACHINES !!!