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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 (35090)	1/14/1999 4:21:00 PM
From: SliderOnTheBlack	Read Replies (8) \| Respond to of 95453

What is everyone buying, or selling & why ? Looking pretty stable out there today in the Oilpatch... Without any individual companies really blowing earnings estimates, losing a major Rig/Contract cancellation - we are once again looking like the Street has given us a very clearly defined ''trading range.'' RDC didn't fall through its prior low, quite the contrary - held well & will probably bounce a point here. Bought RIG, FGI today ... still waiting on RON, VTS, CXIPY, SCSWF, PGO and damn SDC - it won't budge here... MAVK was featured by some Value Fund Manager yesterday - popped nicely today - Maverick-freeking Tube up big - go figure <VBG>... Buying yesterday, today, or tomorrow on any little dips looks pretty good imho. I like RIG & RON as 2 of the finest companies, owned by many funds, safe solid companies and I won't get stuck here in mid $20's if I hold longterm. I also get to continually trade these 2 as they are going on round #4 here of mid $20's to low $30's - I can do that 3-4-5 times real easy <VBG>. Traders have a real advantage if they have lived & breathed the oilpatch through this year. Not being arrogant, but there are 3-4 companies that I think I have the ''pulse'' on to an extent that when I watch the trading action in relation to news, the overall market, crude prices etc - I can stay in ''front'' of the Street here. RIG RON VTS PGO have been real good simple traders here. FGI is the coiled spring; it hasn't popped, allthough trading from $11-13 is an easy $1 1/2 trade quite often; but it will be back to the King of ''Mo-mo'' when crude prices, API/IEA/OPEC fundamentals change solidly. FGI has an artificial $6 built into it imho, due to the extroidinary short interest. When we arrive in that sweet-spot where the funds just dive in here over a 2 week period - be it off of OPEC/API-IEA news, or crude prices - FGI will move an extra 25-40% above the OSX % imho, - well worth the wait.... Gary B; I have a ton from $10 - $ 12 7/8ths; so I will honor your technical expertise and set one last limit buy for $10 3/8ths and if it covers; I'll wait for that $9... good luck

To: Gary Burton who wrote (35090)	1/14/1999 5:32:00 PM
From: BigBull	Read Replies (3) \| Respond to of 95453

Gary: To date your Ewave analyses of oil futures prices have been nothing short of remarkable. Very impressive! Congrats. Do you trade the futures? We all could have made a small fortune had we taken your oil calls. Now that oil is has retraced as per your wave analyses, what are the upside projections. I am aware that you believe oil could yet go still lower but it appears that the selling in both OSX and oil is starting to dry up. I find it interesting that the OSX weekly stochastics have recently signaled a buy! The weeklies have been far more reliable as a predicter of OSX price than the dailys. Very little whipsaw or chop. If you had taken these signals on the buy and sell side you could have made alot of money. osxstocks.com I am looking for OSX to rally at least to Oct. - Nov. highs. It is pretty clear that a complex bottom is being put in here, but that it may take another month or two before we transition into flat out bull mode. All these economists who are predicting a US slow down/recession in the second half are out of their minds (JMVVVHO)! Have you noticed, that since Brazil, there has been no more "the Feds on hold" comments? IMO, Brazil is a blessing in disguise. It will once again put the fear of God into the central bankers, and we could have a whole NEW wave of coordinated interest rate cut. You will note with great benefit, I think, that the OSX Oct. lows coincided with the feds discount rate cut. Greenspan must be sweatin' bullets because many US money center banks have heavy heavy exposure to Latin America. Brazil will be defended to the DEATH - bet on it! All the international monetary authorities are now well schooled in how to deal with emerging market financial crises. Brazil will not be allowed to fester like Asia was. Anyway, I always welcome your Ewave analyses, and comments. Any thoughts? Thanks again.