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

To: marc chatman who wrote (28525)	8/28/1998 12:03:00 PM
From: diana g	Read Replies (2) \| Respond to of 95453

hi marc! Don't you love the smell of Napalm in the morning?<G> (That may be too obscure, but it is Oil-Related. <G>) I do have a serious question. In a situation like this, how much of the selling at these levels do you think is margin-forced? What other reasons (other than panic) might induce sale at these prices? regards, diana

To: marc chatman who wrote (28525)	8/28/1998 4:26:00 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

Limit & good till Cancelled Orders - a great tool ! For those who can not or do not care to be glued to the monitor through out the day; Watching the open - or checking mid-morning activity and placing a ''low-ball'' Limit order is a great tool to catch an intra-day low or two in this current enviroment. I've gotten lucky on a couple hitting within a tic' or two of the low; RON the other day was a great play with a $4 range I believe - selling off on a spike then rebounding all most immediately. This is a super tool for the non-daytrader. But; Marc; you are placing an electronic voodoo hex upon your account when you ''diss'' FGII like that - $6 !! - let alone RIG & RON - now GLM; that would be another story... EVI RON RIG are such "ROCKS" here - while smaller than SLB, BHI & HAL; they have much, much more upside. While the big multi-sector funds and Large Energy funds have to hold the big 3 for liquidity & ''proxy'' reasons - the next tier of RIG RON EVI have large cap liquidity, but much greater upside. EVI is a 3 bagger, in just the return to ''average'' crude oil prices/industry conditions, RIG has the firmest earnings base & RON is a combination of both...imho - a great little 3 stock mini basket. FGII is ''THE'' trader or risk oriented play - little downside imho; and a 3-4 bagger just waiting to happen. With CDG gone to FLC (''the'' sleeping giant) FGII is the mo-mo fav with huge return expectations - I'm all ready spending my ''profits'' on FGII - but then again I tend to be slightly more optimistic here than the average investor... Anyone noticing how the land drillers are NOT tanking here - PTEN holding well & bouncing off $5 - I caught this on a limit order; UTI back to reality and the best upside play - BDI holding $4 5/8 as well. This sign in the land drillers holding - is one of my ''prime'' indicators of an institutional bottom; as far as net asset/book values here. This indicator can not be ignored. Some smaller caps have great EPS growth opportunity - I think a small cap fund that buys SCSWF CXIPY IO GGY CLB DRQ CDIS NOI here - will be a hero in 18-36 months; these are not just rebound prospects but have great 2-3-5 year growth prospects. Combine the growth picks here in combination with the absolute selloff price levels - and some great 3-5 year runs are going to occurr. The world is not coming to an end - while Russia's selloff has taken everything down and the possible devaluing of China or Brazil - could as well; this will ultimately trigger massive inflows to undervalued stocks - with Oils - being heads 'n shoulders above the rest as the #1 sector to benefit via sector rotation. We will be a great benefactor from this total market selloff. A little pain today for big gains tomorrow... imho - be nibbling on these oversold individual stocks - we have many with clearly defined support levels - take advantage here - I am back in to the 1-2 day bounce play - CXIPY's support/bounce sold me ! Someone is willing to step in and buy the ''Cisco & Lucents'' (see the above list) of the Oil patch & people if you do your research here - deepwater, harsh enviroment & speciality deepsea equipment is THE niche - the small cap issues here are a steal - factoring their growth rates and the sub-sector demand growth of deepwater... Did anyone play the scswf vs. scsay play today ? - I did; SCSAY the buy ! = free Arb play ! This was ridiculous - I wish I had a couple of Mill laying around; someone left this one for the pickings... Anyone make a nice hit in PGO; SLB just get it over with- become THE world seismic player here and just buy PGO damnit... another niche player - PGO is the tech leader in depwater Intnl. Seismic...still so cheap; they will get bought if not carefull... If yesterday deserved the selloff to the degree that it received; wouldn't it be logical - that there would still be massive selling today ? This goes to my point that this was an emotional over- reaction and is a buying opportunity. If we had ''real'' problem - we would have sold off bigger today than yesterday - especially with the ''weekend'' factor... This acknowledges my comfort with buying here... if we saw huge volume selling - all bets would be off. But it stopped. Not a bad day... This weekend fund managers will be creating buy lists - meetings will be held and Monday may be a huge, huge buying day imho. - come on lets have some positive crude news here to jump start a little bounce sector wide. Bought some SCSAY MRL PTEN NOI & my E&P ''homerun'' play - FEN today... Anyone else buying ? what & why ??