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

To: Gary Burton who wrote (42241)	4/15/1999 11:10:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Traders ? .... Tdays action seems to be tracing the rebound in crude prices. Perhaps we could get some rotation money from those who are seeing tech weakening, but the DOW still marches to new highs... A retracement here is still likely imho, some individual stories will be strong - RIG is an anomaly - some fund manager can make his bones by buying RIG here - ie: EPS for 1999 RIG $2.20 & DO $1.45 - guess who is selling for a few $ more ? - buy RIG on any & all weakness averaging in ...PGO & RIG PGO & RIG PGO & RIG ..... UFAB going back to 52 week low ? - backlog concerns evidently - SargeK any updates on pending contracts - current backlog ? - looking cheeeeeeeep here... GIFI is a great longterm hold ( I love it 1-3 years out) and a great trader here - will it meander down, going sub $10 ? - it will obviously see $12-15+ on the Petronius release when the sector tide turns here - a quick & easy 20-30-50% trade on a silver platter once again - I'd look to average in starting with anything sub,or $10ish if wee see it - $10ish is a solid longterm hold entry as well... What are they thinking on Petronius announcement - Sarge - did you drive down there ? I might just call their fab yard and Impersonate the contractor to check on how the steel cutting is coming (VBG) just kidding.... but, it is just that simple for the scoop of the month on Petronius... they must want to release it later for some reason ??? I still expect a softening here during the next 2 weeks - but, I'll take today all day long; and would love to be wrong about a retracement. I would love to put my 30% cash to work and use the margin trigger if we see OSX 58ish.... C'Mon PGO blow off - got a taste at $12 1/2 - want $12 & 11 1/2 at least ! fwiw RIG & FLC are still lower today; than the end of August blow off bottom, GLM a tic above....RIG ? - with a $2.20 1999 EPS estimate - go figure.... anyone have comments on FLC here ? Big - any patch talk on the likelyhood of a merget ? Jon Cave; << 20k buy in PGO at 12 13/16. Bid was 12 3/4 and ask 12 7/8. >> ...same pattern all a.m. - no lack of buyers in PGO, I am not overstating the fact that I will make the largest single stock entry of my life on PGO if it retraces here... some good info on PGO if anyone does some digging - don't ask. Merrill clients should dig... Merrill has the story and a few others - that is why the buying support is there and they are fighting each other (and me <VBG>) to buy today...