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

To: SliderOnTheBlack who wrote (28552)	8/28/1998 4:49:00 PM
From: dealmakr	Respond to of 95453

Slider, Bot CDG at the close @ 15 3/8. Would have to value FLC @ 9 to take out the merger premium. A bounce back to 10 1/2 for FLC could pop a point and change on CDG. Missed buying ESV at 10 9/16 in AM and am looking at MRL for entry on retest of 8 3/4. At least a lot of the sector didn't close on the lows of the day. Good Trading Dave

To: SliderOnTheBlack who wrote (28552)	8/28/1998 5:09:00 PM
From: Cragganmore	Respond to of 95453

I myself bought some FGII and MRL at these levels. I do like your interpretation of the upgrade, and hope that this is where we turn.

To: SliderOnTheBlack who wrote (28552)	8/28/1998 5:51:00 PM
From: marc chatman	Respond to of 95453

Slider, I thought you missed the most obvious interpretation of the AG Edwards upgrade to "buy": folks, we know the stock is dirt cheap, but we have one more client who wants to get out, and we were hoping to get them $12/share. As for my GTC orders, I'm not a "hex" kind of guy, but at this point I really wouldn't care if FGII went to 6 or RIG to 15. I own a lot of both, as well as RON, VRC, and some others. If those stocks get halved again, I'll just buy more. I'm not looking for a quick turn, and I'm going to be holding most of these stocks for a very long time. But don't call them "rocks." In this market, I think you know what rocks do. The stock I don't own in this sector, but which intrigues me, is SCSWF. I wasn't watching too closely, and all of a sudden I see it's at $8 and change. Time for me to do a little fundamental analysis -- although, I have the feeling that I could throw darts at these stocks and end up in the same place 2 years from now. BTW, Jimmy Rogers said this afternoon that he has bought some oil (I assume commodity futures). In the past, he has been a bit early to the trough (and he really blew the call on interest rates, but I've been impressed by his commodity calls).