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

To: BigBull who wrote (40480)	3/20/1999 4:22:00 PM
From: Gary Burton	Respond to of 95453

my source also

To: BigBull who wrote (40480)	3/20/1999 5:41:00 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

Bull - remember GLB @ $5 - buy HLX ! --- laggard not for long... Now; I will premise my comments with that point that HLX is ''not'' one of my favorite ''COMPANIES" - but, it is one of my favorite ''STOCKS.'' Sometimes it is prudent to buy ''companies'' and sometimes it is prudent to buy ''stocks.'' Imho - HLX in the Sub $4 to mid- $4 range presently is a great trading opportunity. Their are only a small handfull of stocks that have not ''popped'' at least 50% from their 52 week lows. HLX is one... Their high debt/leverage and recent cost over runs and ''losses'' on certain projects leaves this company off of the ''Buy the company'' list containing the FGI's, the VTS's, the RDC's , the GLBL's etc. But, the price to sales ratio is miniscule, they have strong insider buying over the last year. They have recent new contracts, have a substantial backlog, and are NOT totally leveraged to the Oil/Energy business with their Ship business. This ''stock'' is a ''boat'' waiting to get floated up to $6-7 just being a laggard when the ''late'' money flows into the Oilpatch and looks for bargains. I bought under $4 and traded for a nice pop of late. I am a buyer here , and especially on ANY retracement ; a great trader here... These inside buys you posted will generate buying - bank on it. But; I would not hold this in my longterm portfolio untill they prove to the Street that they can return to profitability and their backlog increases... it's adequate now - but, not in the high growth mode at all - I'd trade it in ranges - maybe take profits at $6 from $4 - and then review its fundamentals at a later date... I just see an eeeeeeeeasy 50% ''popper'' here - bank on it.