Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Big Dog who wrote (35601)	1/21/1999 9:06:00 PM
From: marc chatman	Read Replies (2) \| Respond to of 95453

Thanks for the update on the possible projects at FGI, Big Dog. My simplistic understanding of the history of this business is that following the last major depression in drilling and oil service, the drillers for years were reluctant to build new rigs. I suppose that is confirmed by the numbers which I believe you and some others have cited regarding the significant decline in the number of drilling rigs in the last 15 years. Perhaps big time investors believe something similar will result from this downturn and are reluctant to bid up the fabs. Or, perhaps, the money is chasing a few high profile names in OS -- SLB, HAL, RIG, RON, etc. -- just as it has chased (at least initially) the high profile names in tech. After all, FGI isn't the only OS company which has been stagnant on recent up days. I have no guess as to the reason for the high short interest figure. As far as I know, FGI hasn't issued any convertibles which could be hedged by short positions. EDIT: Crude is really cooking after hours, as is heating oil and gasoline.

To: Big Dog who wrote (35601)	1/21/1999 9:11:00 PM
From: paul feldman	Respond to of 95453

Where can any stock in the patch fall to? There's nowhere to go and thats the beauty of it all. FGI below 10? Its been bought at 11. FLC fall to 7? Its been bought at 7.5. I think everyone just has to sit and wait. If its not the bottom we're pretty damn close. I suppose they could all go BQ. but I don't think so. Patience seems to be the steadiest course. I say keep buying at these unbelievable prices.

To: Big Dog who wrote (35601)	1/21/1999 9:15:00 PM
From: Broken_Clock	Respond to of 95453

See....that be a pit bull! Ya'll may have thought he was just sleepin' but when trouble arose the FGI watchdog came out growlin'...

To: Big Dog who wrote (35601)	1/21/1999 9:18:00 PM
From: A. Geiche	Read Replies (2) \| Respond to of 95453

What really is intriguing me in oil patch, it is FLC. How come George Soros invested so heavily in it, put so huge money and all just in only one basket? Obviously he and his people considered a lot, and obviously they came to a very hard conclusion that FLC has much brighter future and much bigger potentials than ANY other oil patch company. And in spite of all expectations, Soros' announcement did not impress the market. Stock performs very poorly.. Any comments?