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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 (30703)	10/14/1998 12:28:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

marc; ...maybe you moved the market in FGII ? SLB; the obvious reason imho; for its lag here, is that it is the single most widely held oilpatch stock in many non-energy funds. It will correspondingly see the most tax loss selling imho; and is a tremendous buy. - LEAPS here ! I also think we will see some STRONG share buybacks here right after this tax loss selling subsides and also some here, immediately to support the prices. FGII and VTS especially so; also GLBL has announced I think to buy back shares... I feel a bounce in the air; but if we get one, bet yo ass - I'm taking a little bit off the table on each stair step up... I still worry about (and want some cash on hand) in case of a huge 1-2 day crash on a potential Clinton Impeachment vote etc. - who can predict what that scenario could hold, irregardless of crude prices or fundamentals ? You will NOT see me criticize anyone selling into strength or sitting in cash here. BUT, for longterm, patient investors ( please, DO NOT USE MARGIN !) buying here is a sound strategy - again; dollar cost averaging in; using 3-4 entries. Maybe FGII here at $9-10; wait untill you either see $7-8 or buy in January again, and so on... VTS closing on 1 Million shares and may finish up - again; No better value or solid buy - in my universe ! Excellent cash/low debt position and earns money quarter after quarter, has a huge backlog, 0.80 of book value, $2 EPS downside - $4 upside @ $10 ? ... 2 100K blocks in the last hour one on a uptick the other at the same price shortly thereafter - I am tempted to make a Warren Buffet move here<VBG>; ie:'' large concentrated bets'' - this is an anomaly; I have researched this beyond any other stock. It is a ''mistake'' at $10.