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

To: Broken_Clock who wrote (41685)	4/6/1999 4:48:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Papaya King - I love you man (VBG).... ....You know - you are all right in my book ! - we all have to take a ''brushback pitch'' on occassion... ... now; if you could just get that damn ''NOESIS'' out of your system...(VBG). PS; ....I did say - ''take what the market gives you'' - and they are still only giving us a trading range.... trade 'em - don't marry 'em....the Street hasn't even starting shopping for a ''Tux'' yet....definitely, just another ''affair'' again (VBG)... and I am getting paid for my efforts - will '''never'' ride these back to the starting line ever again ! - just too much work to get there in the first place. Seriously; another lesson we all should have learned by now; diversify within the Energy sector - couple of Intergrateds, maybe an Intnl Oil major; couple of E&P's, maybe a micro cap or two.... Anyone doing any buying/selling/trading today? I sold MARY,GIFI & UFAB into a little morning strength - I have trimmed positions substantially in service & drillers and a few E&P's like MARY that look to be losing support after nice runs. I'm using tight stops; will ''NOT'' lose profits here - SDC nearing a stop, I own this one right - may break a rule and let it ride a little - one of my core holds here. FGI at a ''stop'' trigger as well - own it right; but can I sell and re-buy again at $12-13 ? - may sell it tomorrow - on the fence with FGI right here. Love these stocks longterm - don't mistake that; I love FGI; but I ''aint'' riding this damn rollercoaster from $10-12 to $18 without getting paid !!!!!!!!!!!!!! No way . Looking to buy only RIG & PGO heavy on any continued weakness - going back to just 3-4-5 Oilpatch Stocks - but with more concentrated positions. VTS if it hits the $12's - FGI $12's ??? Will average down into FLC - each dollar down, but a moderate position only. Love PGO/RIG as valued to their peers here. SDC back to $15 ish becomes a core hold. Holding over 50% in Integrated's & E&P's that are holding a little better here - still recommend KMG here - and MRO on any $2 retracement from here (it's moved considerably of late). XTO - I'd add on any dip sub $7 - $100 Million in cash and huge increases in reserve replacements - if only they wouldn't have bought all of those other E&P stocks last summer (VBG)... Picked up FLC today @ $7 1/2 - gtc's set @ 6 1/2 & 5 1/2 ...RIG sitting for $25 15/16ths, 23 15/16ths and bought TMAR sub $5 out of boredom today I think...(VBG). CLB of course here at $12 & sitting at $10 gtc, and will take some profits at $14-16-18 and keep a few shares longterm. CLB is a classic example of why it pays to keep some powder dry ! - Nothing has fundamentally changed to a degree to cut this companies market cap in half in mere weeks...$12 is wayyyyyy over done - period. Free Money to the patient. I will eat Cow $h__ by the bucket if CLB doesn't see a 30% pop to $15 by year end... too much technology, too good a niche and with this volume blowoff - not bad bounce play potential; which is a secondary reason to own it here. Funds should be falling all over themselves to get positions in CLB here at $10 - 12 bucks !