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Strategies & Market Trends : Good Investment Theses: VALUATIONS w/ FUNDAMENTAL ANALYSIS -- Ignore unavailable to you. Want to Upgrade?

To: Dayuhan who wrote (10)	3/30/1999 3:53:00 AM
From: Dayuhan	Read Replies (1) \| Respond to of 160

FGI now at 17 7/16, decent gain over the 10 level of my Feb. 1 post. Thinking of selling soon; would not surprise me at all if the oil price falls back again. The current moves by producers seem very tentative and not sustainable to me. Any downward slip in oil price or a 10% or more drop in the stock, I'll be out, looking to buy back at a lower level. Still think another oil price fade will push producers even closer to a political brink, and set the stage for a much more serious rise. If we go through this cycle again, I'll also be looking at TCMS, which did rather nicely this time around. Important to remember that the oil majors will sustain their Gulf of Mexico/North Sea operations even if low oil prices make them questionable from a purely economic standpoint. They cannot afford to be dependent on sources in politically unstable areas. Feeling half smart for a change, wondering what's around the corner to bring me back to reality....