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


To: Gary Burton who wrote (34861)1/12/1999 8:32:00 AM
From: Big Dog  Read Replies (1) | Respond to of 95453
 
I too think the short number will be down when the new numbers come out. It they aren't --- To The Moon Alice! (credit to Slider)

I was on a landline yesterday with a fellow poster from this board. We talked about the internut stocks...FWIW, my thought is that these guys will either continue the incredible gains or they will plummet big time....and within 1-2 weeks.

Point is that I don't think they can move sideways, just going up or down 2-3 points a day. If they do this folks will get nervous and bail...big time bail.

I somehow think that when these stocks plummet, there will be some benefit to the oil service sector as it will be perceived undervalued and "safe". Also, Sad-em is not done...that region could ignite any second.

So while the business of the drillers is not improving, there can be a good case for higher prices while we remain in .... The Dead Zone.

big
loosbrock.com



To: Gary Burton who wrote (34861)1/12/1999 9:49:00 AM
From: Platter  Respond to of 95453
 
Gary, Thanks for info on FGI, Seems like large short positions were built up when stock was around $18-19.00 area...Well, thats over 2 millions shares of FGI to buy back, which ever way you cut it. FGI now up 1/8 at $13.00 , OSX down .86 ..Oil opened down at $13.20, down 22 cents...