Here is the example I spoke of:



Total Return:  158%
2000 Return: 15%

Criteria for selection:
1. Personal knowledge in the energy industry
2. Down Industry:  Oil Services
3. Oil prices at record lows. No replacement in sight.
4. Leading companies in late 1998:  FGII, WFT (originally EVI), VRC, RIG, RON
5. Financial weeding then price support analysis as follows:

STOCK    High  Low      9/10       % increase  Avg 7/7  1sr support level    Potential to 1st Support   Max support (goal)
                                                        over low
FGII           48    10.25   14 5/16      5.5%         26.6           25 - 28                      +10   67%                          39
WFT         73     15        20 7/8      13.6%         34.2            35                           +14   71%                            47
VRC          34     7 1/8    10 1/8      13.3%         18.5            14 - 17                     +4    14%                           24
RIG          60.5   23         28 3/4      4.5%           42               42                          +13   45%                           48
RON       81 3/4   20 1/8   30          12.9%          48               52                           +22   73%                          71


It came down to 3 and further financials weeded out RON. Then  WFT was chosen for the most potential.   Using AIM below kept emotions out of the game and a successful investment play. A split off company Grant Predico was received early 2000. This caused the acceleration of the stock along with fast increase in oil prices. After the spinoff, this changed the fundamentals used to establish this investment. An unknown company and management caused too much indecision and
I reviewed the goals at that time.  Oil prices were also back to high levels. It reached the goal height of 47 again and I exited