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To: Crimson Ghost who wrote (42496)	4/17/1999 2:44:00 PM
From: Linkdog	Read Replies (1) \| Respond to of 95453

Slider-- I commend your strategy and the way you have battled back from what I perceive to be devasting losses in 2nd, 3rd quarters of last year. At the same time, I think that it may be time buy and hold the mid/small caps in the sector to at least the November highs. My profit taking point on FLC is $16. At that time I will reevaluate and perhaps rotate into a smaller cap laggard. This strategy is a must for me since I am a restricted from trading a stock more than once every 60 days by my employer. While I agree that the SLBs, HALs and CAMs of the worl may be ahead of themselves for the moment still see upside for the smaller boys. Per FLCs preferred offering -- had some time to think about it last night. I am viewing it as a positive. What we have here is that a large (legendary per Big Dog) investor has plunked down a $300 million bet on FLC for the next 5 years. The preferreds are callable, not convertible. Max dilution is 10.5 million shares plus PIK shares paid as "interest" over the next 5 years. However, you have to net out the $97 million cash FLC would receive upon exercise of the warrants. Overall, I believe the Street took this as "positive" since this guys $300 million is behind all of the debt in a liquidation. I view this as nothing more than a very sophisticated investor plunking down $300 million to take a large equity stake in the company. Yes he is ahead of us little old common shareholders but if he didn't think there was value to the assets and that the company wouldn't due well I can't see why he would pay $300 million for 0% return for the next 5 years. Any thoughts???

To: Crimson Ghost who wrote (42496)	4/17/1999 3:51:00 PM
From: Ditchdigger	Respond to of 95453

Let's not forget about La Nina,,currently snow/sleet mix here in VT..Most of NE is currently chilly..Heard on NBC, NATO aircraft are burning 250K barrels of aviation fuel/day *11MM gals/day if my math is correct...DD

To: Crimson Ghost who wrote (42496)	4/19/1999 12:40:00 AM
From: Ahmed Elneweihi	Respond to of 95453

Thanks George; I have been pouring over daily and weekly charts of OSX stocks and am getting more bullish. Here is a sample of interesting patterns emerging. SCSWF broke on Friday out of a double bottom formation, target $14. FLC broke intraday out of a H&S bottom, if confirmed this week, then target is $13. VTS broke intraday out of a H&S bottom; if confirmed this week, then target is $22.0. Watch RIG, above $30.5 will be a break out of a H&S bottom with target $41. If OSX breaks 72 more decisively than it did on Friday, then the target of the double bottom formation is 96. I am sure there are more examples, but I just do not have the time.