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Gold/Mining/Energy : Swift Energy (SFY)

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To: PuddleGlum who wrote (1558)11/2/2001 2:23:01 AM
From: fp_scientist  Read Replies (1) of 1602
 
Puddle,

You cannot beat my statement "this market has not seen its ultimate lows" of a few days ago, which obviously triggered a substantial rally in equities! while I'm sitting on cash (and a very important position in THOR which is a long-term holding). By the way, THOR might make a nice move in the next week or so, when the news of the REMATCH clinical trial are made public. If they get FDA approval for this device and application (that is at least 6 months down the road), they will be first to a market of a couple of billion dollars. THOR has a market cap of just $1B. Most medical device companies trade at 6-8 times revenue.That, I call "potential".

Back to topic, SFY seems to have change its tone regarding NZ, especially during the CC. Although some people believe that they are trying to hide "value", I think that the complexities of the geology may have been underestimated. I don't feel comfortable buying SFY now ...

fp
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