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: Broken_Clock who wrote (10574)	2/4/1998 3:42:00 PM
From: Lazlo Pierce	Respond to of 95453

from briefing.com <<FRIEDE GOLDMAN INTERNATIONAL (FGII) 30 9/16 +2 7/16. These shares have appreciated 21% in the week since we cited the stock as being one of the most attractive names in the entire oilfiled services group (see Story Stocks 1/28). However, FGII shares offer much more than long-term value, they are also one of the best trading vehicles in the entire market (along with stocks such as Jabil Circuit (JBIL) and Gulf Island Fabricators (GIFI). Intraday swings of 4 to 5 points are not uncommon for FGII, making the stock a potential mint for active investors (of course, you have to be on the right side of the trades). There are two things that make trading Friede Goldman so profitable: 1) the volatility of the sector; 2) momentum players. Because oilfield services stocks are so volatile, there is almost always an opportunity to buy or short them profitability (though in some of the more thinly-traded stocks you might have to wait for the bid to catch up with the price, or the other way around). We all know want trading style works best for us, but perhaps the easiest way to trade FGII is by simply being patient. Hold out for the first 10-15 minutes of trading and wait for some of the NYSE traded oilfield service/drilling stocks to open. Typically these names will dictate what the group will do for the morning. Once the direction has been established for the day, FGII typically has no problem catching up and surpassing the group on a percentage basis as day-traders and momentum players establish their positions. And if the group starts to move to the opposite direction, FGII will usually turn right around with it and sprint to the tape.>> Dave

To: Broken_Clock who wrote (10574)	2/4/1998 3:50:00 PM
From: SJS	Read Replies (3) \| Respond to of 95453

BIG BIG block of NE (100,000) for sale at 28 3/4

To: Broken_Clock who wrote (10574)	2/4/1998 6:04:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 95453

Dave, SLB reversed up today after making a much higher bottom. Next buy signal is at 78 which will put it right at the bearish resistance line. A move to 80 will break that resistance. This move today changed the weekly momentum to positive (daily was already positive). HAL has been trading above its bullish support line and looks great. Sitting at resistance with a triple top at 48. SLB and HAL are following the sector well. If the sector starts to go we will see it in these stocks but I don't see any indication that is going to happen soon. Both show demand is clearly in control. Even if the Oil service stocks move down tomorrow, we wouldn't be in any danger of loosing ground. It would have to really slide, I mean REALLY slide down. A crash of sorts. The NYSE bullish percent has reversed up. We have a rally at hand but make sure stops are in place. All the best, Jan