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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: BigBull who wrote (55470)11/26/1999 1:47:00 PM
From: Arktic  Read Replies (1) of 95453
 
Big Bull:

I just wrote a lengthy response to your message and it vaporized when I tried to post it! Weird.

Anyway, the bottomline question was "What timeframe do you put on the current up cycle?" Just curious regarding your thoughts and underlying rationale. I agree that things won't go up forever. I wonder when and how hard they will fall. With Red Hat approaching a price to next year's expected cash flow (not earnings)ratio of 1000:1, the bubble looks very inflated.

Paul L. Craig
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