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


To: Czechsinthemail who wrote (23704)6/9/1998 3:31:00 PM
From: SliderOnTheBlack  Read Replies (2) | Respond to of 95453
 
Baird; re: TCMS.....

What is your take on the sell off... a whole lot of shares have been dumped over the last 6 weeks or so. I saw some info on one of the Investors who acted as a consultant being on record as selling as soon as the 6 month post IPO issue date arrived ? Why ? I can appreciate the fact that the cost basis may have been $2-3 for a principal, but with the upside and prior price levels ???

I like TCMS's fundamental business plan and market niche as much as any small/micro cap in the oil sector. I dove in head first into TCMS & OMNI in my initial entry into the oil patch. OMNI looks brilliant - TCMS not so brilliant... I like TCMS better to this day; excepting the stock price. Their contract with Transocean Offshore should wake up people to what they do.... but I'm not seeing any results so far. I'm probably going to wait untill I see some pre-release info or the Q2 earnings are released before buying more/averaging down - allthough at this price level, both my gut and my brain are saying BUY, BUY, BUY ! The very realistic possibility of a ''3-bagger'' in the short term with $16-$18 oil, has my finger twitching.... if I do buy - I'm tapped out for a while. I'm really leaning to buying some seismic companies on any remaining dips.

Have to like the support showed by FGII today as a bright spot, RIG also up slightly...




To: Czechsinthemail who wrote (23704)6/9/1998 4:04:00 PM
From: Tulvio Durand  Read Replies (1) | Respond to of 95453
 
Baird, I too succumbed to the allure and bought more TCMS. We have same disease? G/L to us all. Tulvio