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To: marc chatman who wrote (40754)3/24/1999 12:44:00 PM
From: SliderOnTheBlack  Read Replies (2) | Respond to of 95453
 
hmmm; someone just upgraded EARNINGS for the E&P's - gee...

once again - us ''inbreds'' beat the crowd to the party again; now how did we figure out (cypher for us inbreds) that these thar E&P's would actually be making the bacon right here - right now; as oppossed to waiting for dayrates, or rig utilization to improve ?

Gee - what a concept; and who'da thunk that we could have cyphered that all by our lonesomes without them thar 'oletime experts like Papppy-King telling us it was all right to buy ...<VBG>

Damn; Pappy - if you would have actually been reading what we've been discussing here in the present tense - and not living in a June 1998 time warp - you might have made some money....<VBG> !

biz.yahoo.com

Damn; actual analyst EARNINGS UPGRADES - 'cause they be gettin them thar higher $ at the pump right now - wow - what a concept ! ...and it only took the Street a month to figure it out and maybe The Invest Ltd Mensa will come around by next June... aint nothing like beating the Crowd to the party - who said the little guy can't beat the Street - let alone beat the damn pants off of those pompous 'ole timers <VBG> .

Out of CWEI at $5 7/8ths/ from $3 for a 96% 1 week pop. Sitting here for limit buys in EEX @ $ 5 3/8ths and XTO @ $6 1/2... love OEI from $5 - sitting on another limit at $5 1/8th and would buy to $5 1/2 here - as $7 is coming - bank on it for a 40% move.

RIG is the anomaly in the high flyers right now - only a potential Rig cancellation could be depressing this - I'd have at least a 50% position in RIG here on any dips - save the other half on a blowoff if there is bad news looming - or add on high volume Institutional buying... RIG is very, very cheap to its peers/ how many will show EPS strength like RIG ? - this is an anomaly gift - unless there is bad news looming ?... still the risk/reward is solid. Nothing else looks particularly cheap imho - I'll trade HLX again at $4 to $5-$7 - buy a load sub $4 and trade it.