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

To: Teddy who wrote (30715)	10/15/1998 1:46:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Teddy...as this post is undoubtedly past your nite-nite time... Hopefully, you'll read it in the a.m. All stocks are risky 'Lil Theodore. FGII could well go to $5 if Clinton gets Impeached (if you're really 14, don't be reading that Monica stufff now..) and if we see a ''bomb'' dropped concerning Japan, Brazil or Hedge Fund/Us Bank losses etc. But, we will undoubtedly see a $24-$30-$40 FGII again as well... PS Teddy; Lesson #1 - when Oil is $17 - FGII will not be at $10 ! Can't quite have it both ways - wishfull thinking & a pleasant thought though... Quite simply with FGII @ $10, the upside so dramatically dwarfs the downside, in a historical perspective relative to crude prices; that this is just about as good as it gets for a ''risk oriented'' investor which I am. Theodore; please take comments and points of view in perspective when judging, commenting on or responding to others posts. I am an acknowledged ''Elephant Hunter.'' I am willing to take those Mark McGwire-esque swings for the fences. I am willing just like Babe Ruth; to strike out 1800+ times, to hit 700+ Home Runs... it is all relative to the risk tolerance and goals of the individual investor/poster. My comments have been preferenced by these remarks. I am way on the perimeter of risk tolerance. For a conservative investor like yourself; if you are really 14 years old (?) - I would advise not buying ''old tech'' commodities like gold; but instead buying some commodites more contemporaneous to your age and generation; how about some Hanson Lunch Pails or collecting all the Antz premiums from McDonalds along with some Beanie Babies <VBG> ? And if you are a little more risk tolerant; buy someMcGwire or Sosa Rookie Cards ! ... I've got a Nolan Ryan Rookie card - do you know who he was ?... how about Tom Seaver ? , Rocky Colovito or Al Kaline; do you know who they were ? Ever hear of Joe Namath ? Johnny U ? The AFL ? Know that Steve Young premiered in the USFL ? Ever see a red, white & blue ABA basketball ? --- ohhh to be 14 again ...! Teddy, there are soooo many other things for a 14 year old to be worrying about than what ''The Slider" thinks about FGII etc. .... good luck Theodore; you've got a good start on life financially if you are 14 years old... PS - read a couple Waren Buffet books and stay off that ''other'' thread - they will teach you very bad things . Learn to do some bottom fishing at a young age and combine that with catching a few rising tech stars, throw in a Gap, American Eagle Outfitters and other "Gen X" plays and you'll have a bright future :) PS - no more posts like the one below - okay ? Message 5224245

To: Teddy who wrote (30715)	10/16/1998 2:46:00 AM
From: Paul Angell	Respond to of 95453

Teddy, Stop being adversarial and be a team player your negative opinions are welcome. It's very bad form to get personal. Paint a picture that has upside as well as downside. 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. It is bad. It is ugly. There is blood on the streets. There has been capitulation and now is the time to buy when Joe Public is scared out of his wits by the global economy. Many OS companies used this an excuse to reign in the costs after their recent excesses, mergers. We are not buying stocks that reflect our blind optimism in the oil patch now. We are buying speculatively with the vision that leaner versions of these companies will emerge after this ugly patch. There's no certainty of quick profits anyhwere (if that's what you want), but the probability of a return to strength is relatively high. Consolidation is a core assumption. We are now predicting 12 -14 range running through to 2003. We could easily have predicted the expectations of OPEC and call it 17-20 brent. They won't make it until they cut to 71mm bpd. If we choose the higher range we cannot continue to reinvent ourselves to face the challenges ahead. If we rationalize, sell off some assets,cut some R&D, selectively divert our Capex dollars into the areas of highest potential, we stand to gain an enormous windfall if our public predictions are WRONG. If prices do stay low, we will continue cutting costs below the line items until we can operate in a low oil price world. We cannot go on record and predict something that differs too much from the lowest estimates. If we do the street will judge us on this if we fail, and will skin us alive when we miss the adjusted estimates. They will adjust their estimates if they see us responding to the current climate provided, that we are open. This will limit the downside on our stock. The street does like (-)ve surprises because it makes them look bad. Be a leader...not a follower. When I used to climb mountains there was always one point in the climb when I would get a tremble in my leg and feel a bit of vertigo and fear. I told myself that I could control this and move on using good protection and stopping to search out the best holds. When I got to the top the rush I got was amazing. I had won the battle inside my head. Paul.