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To: John Doyle who wrote (45148)5/20/1999 3:45:00 PM
From: Wowzer  Read Replies (1) | Respond to of 95453
 
I sold my RIG and reinvested the funds in CAM today, so far has been a good move. RIG really killed me. Thought about buying more TCMS but held off. Sold some of my EEX at 6 7/8 that I bought yesterday at 6 3/16. Something is definitely up with that stock, lots of big blocks cross at the ask lately...still own a bunch...

Rory




To: John Doyle who wrote (45148)5/20/1999 3:46:00 PM
From: Pat W.  Respond to of 95453
 
Not me, I picked up some more GLBL at 10 3/8.



To: John Doyle who wrote (45148)5/20/1999 4:28:00 PM
From: Gary Burton  Read Replies (1) | Respond to of 95453
 
Well, to be perfectly honest with you, I bought GLM at 13.94 at about 2.30 but sold it back at 14.06 late in the day when I saw crude falling back. On the buy, I liked that osx took out yesterday's peak but on the sell I didn't like the supposed reason for the rise in crude(iraq) and also didn't like how crude was closing. So, we shall play another day. Not all that adept at daytrading



To: John Doyle who wrote (45148)5/20/1999 4:39:00 PM
From: Jacob Snyder  Read Replies (1) | Respond to of 95453
 
re: .who sold today? Not me. I only sell on euphoria. If I was going to do anything, I would have bought more RIG. But the market can't decide whether to reestablish support at 25 for RIG, or continue sinking. Yesterday's move is shaping up to be a classic example of capitulation: slow drift down on low volume, then a final downward spike on high volume, then up. Remind me, if I happen to have a few hundred thousand shares of something to sell, not to use DLJ. If they had dribbled the stock in over several days, 25 might have held, and the customer would have gotten a much better price.



To: John Doyle who wrote (45148)5/20/1999 6:27:00 PM
From: The Ox  Respond to of 95453
 
No selling, only buying today. Added a few more shares of APC and SFY.



To: John Doyle who wrote (45148)5/20/1999 6:37:00 PM
From: BigBull  Read Replies (2) | Respond to of 95453
 
Sell? "Not I", said the little red hen. So John, what really happened with FLC today - almost nothing. They've thrown the kitchen sink, the stove, the refrigerator, the color tv, and the living room furniture at FLC and what happens - down 25 cents. Wow! And after all that doomsday verbiage on the thread, CNBC, and in TheStreet.com too. All that really happened was that the stock went down to it's 200 dma and bounced with a typical reversal. What I can't understand is why no one wants to comment on the incredible resiliency of this stock in the face of devastatingly bad news. Hmmmm. Why wasn't this stock absolutely annihilated today? Why isn't this stock trading at $7 as of todays close? Interesting questions, don't you think?!

Bulls Asia Journal:

In case any one is still even marginally interested in the "big picture".

afr.com.au
koreatimes.co.kr
scmp.com



To: John Doyle who wrote (45148)5/20/1999 7:45:00 PM
From: Think4Yourself  Read Replies (1) | Respond to of 95453
 
No selling today, but could not resist buying FLC at 9 1/16. Am now completely tapped out on cash and margin.

Seriously doubt if many contributors to this thread were selling except to better position themselves.



To: John Doyle who wrote (45148)5/21/1999 12:40:00 AM
From: Pete Young  Respond to of 95453
 
Not I. I bought RIG yesterday on the selloff, and have been loading in OS as prices decline. Having been only partially in for being so cautious during the initial runup on OPEC repricing, I've "learned" and hope that I don't "learn" a different lesson. One thing that seems to hold (so far) is buy on negative stories and fear, and sell, if you are going to sell, when we are bathed in summer sunshine. So far, it's been quite a ride. Thanks to Slider for leaning against the tide during critical times--and getting me to sell (partially) while the band was rocking. (Although, there's been times when I thought I'd missed the boat for good by listening to his advice.) Lets hope that the "global recovery" story is reality, and it delivers an SUV in every pot.



To: John Doyle who wrote (45148)5/21/1999 9:07:00 AM
From: hitsoft17  Respond to of 95453
 
For what it's worth once again I am locked and loaded with RIG, GLM, TMAR and FLC. All have touched off EDMA in the 25-50 class and I don't think we go down much from here. I currently have ( no kidding) $146.00 cash left in my account.( May buy some more FLC with that even.)

hitsoft17



To: John Doyle who wrote (45148)5/21/1999 2:17:00 PM
From: Jacob Snyder  Respond to of 95453
 
congrats to all who bought RIG below 25. I held off on further purchases after buying a big chunk at 25, waiting for the other shoe to drop, thinking "gee, this stock may hit 20 tomorrow". But, so far, noone else has followed up on that one big block sale. Whoever it was, he must feel like a fool. His broker got him the worst possible price. On the other hand, maybe the other shoe hasn't dropped yet...............but 25 is holding...............