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


To: Bill Hyres who wrote (41591)4/4/1999 10:46:00 PM
From: Razorbak  Respond to of 95453
 
<<Razor, Thanks for the welcome. I read you diligently.>>

My condolences. ;^)



To: Bill Hyres who wrote (41591)4/4/1999 10:57:00 PM
From: The Ox  Read Replies (1) | Respond to of 95453
 
Thanks for the nice detail, Bill.
From your numbers, here is a chart of % returns if your targets are achieved:

Symbol Target Price Last Close Percentage gain
glbl 10.8 9 3/8 15.2
fgi 18.5 15 5/8 18.4
rdc 14.7 12 3/8 18.8
flc 9.5 7 13/16 21.6

Looks like FLC should be the 1st choice followed by RDC, FGI and GLBL.

Good luck,
Michael




To: Bill Hyres who wrote (41591)4/4/1999 11:19:00 PM
From: Hector  Read Replies (1) | Respond to of 95453
 
Bill,

I wouldn't fall too much in love with EW. It's quite subjective and open to much interpretation. In the case of the oil drillers, I think using trend lines on the OSX should be pretty reliable.

Based on my analysis, the OSX should top out around 82-85 in the near term, which is a 30% increase from here. GLM, MRL, et al. will probably move more than the overall index, but I'll be selling when the OSX gets to my predicted level.