Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Czechsinthemail who wrote (6708)	1/6/1998 12:47:00 PM
From: AltLar	Read Replies (3) \| Respond to of 95453

To all, I am considering going out on a limb and buying some FGII on margin. Do you think this is prudent? What is the down size risk. Any guidance will be appreciated. Larry

To: Czechsinthemail who wrote (6708)	1/6/1998 2:59:00 PM
From: TIPPY2	Read Replies (1) \| Respond to of 95453

When I first began to accumulate stocks within the oil service industries, it was for the following reasons: 1. Year over year growth potential exist as long as the demand exceeds the supply of rigs available. 2. Although the price of oil could and probably would remain somewhat lower....the cost to pull up this crude would be less due to technological advances....thus continuing the exploration cycle for replacing resources. 3. Due to the time frame and cost incurred, new rigs would not seriously hamper the supply/demand equation for quite sometime. 4. The Far East political situation has always been a wild card that rears it's head at the most unexpected times and the only thing constant and predictable is that it is inconsistent and unpredictable. Even though the reasons for investing remain the same, I have suffered considerable losses within the last 8 weeks (as have most of you). It has been a painful testing of patience and conviction and I am not sure I can understand this manic market but I feel confident that pending earnings announcements will give some positive direction and stability. If not....I will begin to enjoy that big glass of wine before the market opens rather than wait for the closing bell! Thank you all for the wonderful postings.....informative and with humor....I have learned so much thanks to you...HANG IN THERE....Now go out there and make me proud! Mom

To: Czechsinthemail who wrote (6708)	1/6/1998 6:42:00 PM
From: chirodoc	Respond to of 95453

<<<<<One other item worth noting. Amid all the oil company downgrades by Goldman Sachs today, it is interesting that they did not include any drilling companies on the list ........i think there is now question that there will be some decrease in demand for oil, but in one year people will think the asian flu is the latest cold going around--the countries will be growing again--japan especially, price of oil will be higher, and we will look back at this time and wish we had loaded up. ......every 1-2 months i just throw a few K into SLB or FLC when it does this. selling now does not make sense to me.