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Gold/Mining/Energy : Friede Goldman: FGI (formerly FGII) -- Ignore unavailable to you. Want to Upgrade?

To: ST Trader who wrote (41)	5/21/1999 1:32:00 AM
From: ahhaha	Respond to of 75

Correct. TA is nonsense. The terminology is useful though to refer to price structures. TA has less predictive power than does a coin toss. It takes many years of losses before you accept this absolute truth. I like FGI because they are the premier company supplying the industry's exploration needs. They're making money. Rising oil prices puts a rising floor under these shares. They were making money when oil was $10/bbl, but their earnings would have suffered had it stayed there. OPEC is cutting supply. That is about the most bullish news possible for this company. In spite of all of that the company's shares are ridiculously cheap. Prejudice just kills you. Whatever your reason for buying I think you're doing a smart thing. What is obvious in the world few can see. Few can see the karika person even though they are as bright as the sun.