Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SliderOnTheBlack who wrote (43271)	4/26/1999 4:03:00 PM
From: phillip	Respond to of 95453

Slider, Glad to see you're back. During the last year or so I have enjoyed your posts and many of the other knowledgeable posters on this thread. I have purchased many of the stocks talked about on this thread including DO VRC VTS CXIPY BHI SCSWF WFT RDC FGI and CLB to name a few. I just bought RIG today for the first time. I trade a little bit differently than you,because my strategy is different. I am writing covered calls on these stocks and hope I will be called out. For example, I averaged in to FGI at around 11 over a 3-4 month period. When a rally would start I would sell covered calls on 1/3 of my position e.g. at 12.5, if the rally continued I would sell the other 1/3 at a higher strike price e.g. 15, and if the stock would blow out I would sell a covered call on the last 1/3 e.g. 17.5. I have been extremely happy with the returns and am now looking to replenish my supply of OS stocks and start the process all over again. I have my eye on FGI under 15, bot RIG today @ 28 1/8, and BHI under 25. Best of luck and keep up the informative posts!!! Phillip

To: SliderOnTheBlack who wrote (43271)	4/26/1999 5:07:00 PM
From: SargeK	Read Replies (2) \| Respond to of 95453

Slider "The Mouth" Msg #41752, Apr7. Slider: "I'd expect some buying/firming here aytime now - especially in individual stocks - if not soon - take profits, move to cash, or rotate to firm/stable Integrated, or Major Oil's... how the hell can anyone ride GIFI from $12 back to $8 ? - and it looks like thats where we be going...(VBG). ....cash and profit taking are not dirty words." On Apr 7 GIFI traded between 9 ½ and 10 ¼ closing @ 9 1/2. This followed an intraday cylical hi of 12 3/16 on Mar 30 and it must have appeared to Slider that on Apr 7th GIFI would continue the slide toward 8. That is what he said if I interpreted the above quote correctly: "and it looks like that's where we be going...… cash and profit taking are not dirty words." Had anyone followed that advice and I am sure many did, they would have sold exactly at the wrong time and missed the significant part of the GIFI rally to 16 hit on Apr 19. I am not calling Slider or anyone else a liar. He just has a convenient way of restating a past which is not always supported by the record. Caveat Emptor! As far as today's GIFI action I don't know why weakness during most of the day was followed by strength before the close. It could be Petronius, but I don't know that. SargeK

To: SliderOnTheBlack who wrote (43271)	4/26/1999 9:08:00 PM
From: Robert H.	Respond to of 95453

Slider in the Crack, We really don't want to go there, ...do we? You've had more wrong calls then one can possibly count; however I hope you continue with your ranting and ravings. Today you got one right! Wow, I'll mark my book. Even a one-eyed monkey can find the banana in the supermarket. Truth is, if you could just keep your posts shorter; most of us could use you as in indicator without having to pay for it. Hey, I personally don't care if your goal in life is to be an oil anal-ist, to each his own. ...I'll vote for you. You Da Man. I'm even going to help you out by not sticking it to you every other day. ...OK