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Tackler

09/24/04 10:23 PM

#11041 RE: johnlw #11040


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Frank Pembleton

09/25/04 9:46 AM

#11043 RE: johnlw #11040

JW ... I mentioned it to quantify the risks in investing in these drill plays. Considering that SWG has a market cap of about $500 million I believe there's room to the downside.

The good news is there isn't any big sellers lurking in the market depth. I've been watching trade and whenever the volume picks up the scarcity of sellers becomes readily apparent.

...but it's not for the faint of heart.