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Gold/Mining/Energy : Global Santa Fe (GSF) (formerly Global Marine) -- Ignore unavailable to you. Want to Upgrade?

To: Craig Schilling who wrote (713)	5/2/1998 6:31:00 AM
From: swamp fox	Read Replies (1) \| Respond to of 2282

IBD mentions rumor of takeover at 35-40 in this mornings paper.

To: Craig Schilling who wrote (713)	5/4/1998 12:17:00 AM
From: Spaw	Respond to of 2282

CS, New to the thread. I've been watching these oil stocks for a while. They move as a group and fast, kind of like the semis. An oil service co. that has really moved lately is Cooper Cameron (RON). I think I will be trading GLM this week, probably Monday. It is poised to breakout. Takeover rumors are very good for a stock, at least in the short term, and these things are really beginning to move. We're right at the money for the 25 calls. The May and June 25's saw heavy trading on Friday. I'd say those May 25's are a very good bet. Technically, glm is in the middle of a basing channel from approx. 22 to 26.50. If it breaks through 26.50 it should head up to 30 easily. Just wanted to toss in my 2 cents, --spaw--