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

To: SliderOnTheBlack who wrote (30692)	10/14/1998 10:22:00 AM
From: marc chatman	Read Replies (2) \| Respond to of 95453

It looks like someone big has been dumping FGII. It is a very dangerous falling knife. At some point, the dumping will end, but who knows where?

To: SliderOnTheBlack who wrote (30692)	10/14/1998 7:30:00 PM
From: Teddy	Read Replies (2) \| Respond to of 95453

Slider wrote: no one in their right mind; with a mid- long term timeframe (6-12-18 mos being mid term/3+ years long term) is going to go wrong buying... FGII @ $10... Uh, there is a very real possibility that FGII could be worth zero in two years. It is one of the most risky stocks in this sector. I sold over $40 and would not even think of buying the stock back until oil is over $17. FGII could fall below $5 if this sector does not turn around in three months. There are few people that understand just how bad things are in the oil patch right now.... there are even fewer that know what happens to these stocks when things are bad.