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   Gold/Mining/EnergyUFAB - oil drilling deck fabrication


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To: SargeK who wrote (297)3/16/1999 2:39:00 PM
From: andrew r harwood
   of 337
 
well you dont seem to take criticism to well .anyway time will tell ,i happen to own both unifab and global with a significant holding in both .personally wish i hadnt bought either as i have lost a significant amount on both but more in fact on unifab .i wonder how those people who bought in the 40,s feel about it right now.anyway am going to hang on to unifab but personally doubt that it is going to reach anywhere close to 20 $ anytime within the forseeable future .it will be interesting to see how there profits pan out compared to what you have posted.
also heard yesterday that there has been some significant insider selling of global recently and i think it may have been by an entity owned by bill dore but dont have any specific info .
anyway i would be happy if i get my money out of uifab so i can redeploy to more prmising areas .arh

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To: andrew r harwood who wrote (298)3/16/1999 2:51:00 PM
From: SargeK
   of 337
 
I take criticism just fine. I just wanted to point out if you want to tout GLBL, use their board. I didn't notice your name among posters over there.

K

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To: SargeK who wrote (297)3/20/1999 8:36:00 AM
From: SargeK
   of 337
 
Absent Demand the MMs can BUY CHEAP!

--and so can you. Hell, if you can't beat 'em, join 'em!. I added more shares @ 71/2. Investors that sell a 'growth' company at these levels in this very positive emerging sector environment are throwing money away. Great! I am here to catch as much as I can.. The low volume provides strong evidence that there is no panic selling.. A few traders taking profits following the 30% run-up and a few longs attempting to play the spread. Good luck! That is what makes the market. I'll just keep accumulating the dips in UFAB with bucks generated by the VTS run-up, for example.

Since my last recap on UFAB, crude prices have sky-rocketed providing strong support to the 30%+ growth forecasts by the analysts. I am happy to be wrong with my more modest prognostications of an anemic growth of only 20%+ over the next five years.

K

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To: SargeK who wrote (300)3/23/1999 9:39:00 AM
From: SargeK
   of 337
 
Unifab International (UFAB)..Great Company - Great Expectations!

Research: biz.yahoo.com

Industrial Ranking: biz.yahoo.com

Analysts Recommendations: quicken.com

SargeK

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To: SargeK who wrote (301)3/29/1999 7:26:00 AM
From: SargeK
   of 337
 
Unifab Universal, Inc. - (UFAB)- Focused on Growth

From the Prospectus: (New Iberia, La) "The Company estimates that its current facility could accommodate a workforce of more than double the 408 workers employed by the Company at July 31, 1997. The Company intends to continue its efforts to increase its skilled workforce in order to increase the Company's production capacity." Note: The Company has over 200,000SF of covered work space to accommodate future increased growth in production.

The Company's acquisition of Allen Tank, renamed Allen Process Systems, LLC this past year has broadened Unifab's focus and increased international marketing of their 'Total Project Capabilities'.

Because of the industry downturn the deep water facility in Lake Charles has developed slower than expected; however, the Company remains optimistic that it will be the Company's cornerstone in the future, and will allow them to offer world-class capabilities in concert with UNIFAB service. Dredging @ the LC Port facility (which provides deep water access to the GOM) is scheduled for completion within in the next few months.

SUMMARY: By further development and enhancement of its facilities and through acquisitions the Company is well positioned to reach the more optimistic growth forecasts and with the continuing crude price recovery a major impediment to significant earnings growth appears to have been removed.

SargeK

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To: SargeK who wrote (302)4/5/1999 12:33:00 PM
From: gpphantom
   of 337
 
Sarge,

Just started my accumulation - in at 7 5/8

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To: gpphantom who wrote (303)4/5/1999 6:16:00 PM
From: andrew r harwood
   of 337
 
well i wish you good luck i jst got rid of mine at a considerable loss .what will happen is that in the first phase of the bear market that we are now in in oil and gas service companies the rig owners and the boat people will be the ones most affected because thats what the drilling companies will turn off first ,this has already happened .but they will also be the ones to recover the quickest .the fabricators like unifab will tend to hold up a lot better since they have preexisting orders for platforms on finds already made . however their downturn will tend to be longer and they will be the last to recover .
a good number of people that i know in acadiana some of whome are knowledgeable about the company have been selling even at these depressed levels ,most prefer global industries .so while unifab is a lot better buy at these depressed levels compared to a year ago i decided to sell because i figured i could find a more productive place to put my money .i think you are in for a long wait .just my personal opinion of course .arh

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To: andrew r harwood who wrote (304)4/5/1999 8:49:00 PM
From: gpphantom
   of 337
 
Thanks Andrew, I note and appreciate your perspective.

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To: gpphantom who wrote (305)4/7/1999 1:19:00 PM
From: andrew r harwood
   of 337
 
well i have sold out of all of my drilling stocks to take advantage of the recent price rise.this was still a loss position but less than it had been .i hope to buy back global at the 5-6range ,ocean at the 4-5range .probably will never buy back unifab unless it goes down to the 4 level .just bought a highly speculative small lafayette based oil and gas company called petroquest .have heard some really good vibes about it .symbol pque on nasdaq.it has a web site trades around 5/8to3/4 .very risky and speculative and you could loose all your money but it has just made (see website at www.petroquest.com) a good discovery in the gulf which will pay for the company in a year .a lot of other projects and plans not a lot of debt and looks if all goes well that it might be a 10 bagger .one could easily loose all ones money in it however.i put all my money from selling unifab into it and hope to get back the money ive lost in unifab .just my personal opinion of course as a private investor without an ax to grind arh

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To: andrew r harwood who wrote (306)4/12/1999 9:41:00 AM
From: SargeK
   of 337
 
Andrew,

Sorry too hear about your losses; but, it sounds like you have just compounded your mistake. Buying high and selling low is not the recipe for making money. The SMART MONEY is buying the SECTOR and UFAB represents one of the best BARGAINS remaining in the SECTOR.
GOOD LUCK to YOU. FATE often favors the well prepared.

SargeK

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