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Gold/Mining/Energy : UFAB - oil drilling deck fabrication -- Ignore unavailable to you. Want to Upgrade?


To: andrew r harwood who wrote (173)12/1/1997 7:55:00 PM
From: Tech Investor  Read Replies (1) | Respond to of 337
 
Andrew:
How do you know of Morgan Keegan is going to put out a long term buy on this stock? Usually, it is a violation of SEC rules for analysts to leak out such information before to individuals before it is released to the public (now we all know they dont do that, but you still might get in trouble with SEC, I think they monitor threads on silicon investor, becareful is all I am saying).
Currently, my assesment of FABU is pretty much the same as all the other opinions Bry got (I think I answered his post on last Friday or Saturday). The poor thing has no support whatsoever at this point, I would definitely WAIT to see it bounce off support levels before getting in. Saves money and heartaches :) The OPEC increasing production of oil might not be a good news, as it increases supply of oil and with increase supply, decrease in price will generally follow, I think maybe that's why the drillers dropped today. The storm is still not over, I would advise caution before getting into this security.
However, I do think the company will be a great bargain when the how sector recovers from the current downdraft.

Regards



To: andrew r harwood who wrote (173)12/1/1997 9:05:00 PM
From: Platter  Respond to of 337
 
Brokers and traders will be accumulating shares here. Stock down >100 %. Spoke to company today IR, guy said small float accounted for large price swing...but he said they have been invited for interviews to explain to the public that their business remains stong.