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: marc chatman who wrote (36994)	2/7/1999 6:00:00 PM
From: Gary Burton	Respond to of 95453

Positive if OSX trades up Mon am to or above 54.03.If it does that, it can back off but will probably soon trade even higher... Caution, however, if OSX can't print 54.03 and instead meanders and then turns down and prints below 50.91. If it does that, there is a much greater potential for new lows soon thereafter. So, I'm sitting here tonight looking at my trading software and trying to decipher squiggles on the charts. On the downside, I am cognizant that the last few times a true interim low was reached, almost all of the stocks bottomed on the SAME day. The present situation is different. Some stocks are making very recent new lows in here (PDE,FLC,RDC,GIFI,IO etc) while others are holding and have blipped up a bit. Also, I'm struck by the fct that my trading software for some reason is targeting Feb 17-22 area for potential bottom on a host of osx stocks at the same time. And here I am going away Feb 9 10am and returning late on 17th. What to do? what to do? I'll probably do something by 9.30am tues -either buy more or put limit buys at specific lower prices hoping to catch some more fish. --ps am still a little suspect of PGO in here. needs to get closer to VTS

To: marc chatman who wrote (36994)	2/7/1999 6:54:00 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

re: "Allocations'' ... Allocation-wise: I am trading quite heavilly here, so portfolio-wise I am not ideally balanced as far as longterm desired holdings go...fwiw I have heaviest weighting into FGI GIFI VTS right now; I am positioned to take advantage of what I believe will be major ''trading'' moves/opportunities in these 3 real soon & will take a little profit; but absolutely will keep substantial positions in these 3 longterm. I really think RIG RON are the safest ''traders'' here & love these 2 longterm - absolute ''must owns'' - I'm totally in & out on these quite often, but they will remain ''core holds.'' WFT - I don't trade as much - it's a must own longterm as well. I have a ton of $ in the "Deepwater Plumbing'' sector - heaviest $ weighting - CXIPY #1, bought OII at it's near absolute bottom - a little luck there - so I just may hold forever on that one, CDIS - waiting for a lower entry, SCSWF traded out of - will look to re-enter soon. PGO - love it here- I'm loaded at low $13's will we see $11-12's again ? don't think so, & love this as a longterm holder. Going to buy UFAB again, probably Monday; unloaded to play stronger positions in GIFI earnings play. Have my heaviest weighting ever in the E&P sector with EVER my major holding - something about being the lowest cost producer/pure Natural Gas (Coal Bed Methane) and incredible reserve growth potential through the drill bit going forward - an all most unknown - but really a must own... I bought real heavy of late allmost maxed-out; missed APA at $18ish - love a 2nd chance, but $20 is cheeeeep. SGO & OEI are cheep as well - looking for a capitulation bottom there... Hmmmmm; ideal ''short-list'' $100K buy & longterm hold portfolio (easy %'s) fwiw: RIG $ 7,500 SDC $ 5,000 RON $ 7,500 WFT $ 5,000 FGI $20,000 GIFI $ 7,500 UFAB $ 7,500 CXIPY $ 5,000 VTS $20,000 PGO $ 7,500 EVER $ 7,500 12.5% in Drillers; 12.5% in General Service/Mfg.; 35% in Fab/Const; 27.5% in Seismic; 5% Subsea; 7.5% E&P I would rotate profits out of Fab/Const & Seismic into more weighting toward the Driller sector upon a recovery here; I see more ''trading'' upside/Safety with FGI GIFI UFAB VTS here, right now versus the drillers. I also left HEC & SEV off the prior posts ''speculative/trading'' portion of the E&P ''watch'' list. I like them both - SEV for a quick trade to $8-10 short term - then keep some ''zero -cost'' shares longterm. HEC also a trade of sub -$2 to $3-4 and then keep ''zero cost basis'' shares longterm as well. I did this with FEN - I like to buy into major selloffs on these speculative companies; then take the profit and keep those ''cost free'' shares untill, or ''if'' the big Kahuna comes in... or in FEN's case - if it survives <VBG> . Anyone else ? - trading, or Buy & Hold lists...? Unknown/small company ideas ? - again I made new entries into OII & NOI based upon board ideas after doing my own ''DD'' etc... anyone follow IIR - know anything about their rep in the industry, their equipment etc ?