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

To: John E. Stanga who wrote (45299)	5/22/1999 2:02:00 PM
From: hdrjr	Respond to of 95453

John, I am certainly no expert at anything. I just started trading oil patch stocks in early November. There are alot of opinions concerning FLC posted daily. I tend to agree with Slider's take that near term risk is real and that it could drift back below current support level of 9. I believe the next support level would be 7.5. I am bullish for the entire industry long term and also hold FLC but will not be adding at this time. As Slider has so eloquently stated many times, when FLC does take off due to a real increase in GOM rigs, there will be plenty of time to make money with less of the current risk. hdr