Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Big Dog who wrote (56321)	12/7/1999 3:28:00 PM
From: SargeK	Read Replies (1) of 95453

BigDog: "I don't give a ring tail tooter hoot about book value and such." Value Investors, Institutions, Mutual Funds and Warren Buffet DO "give a ring tail tooter hoot" about such mundane fundamentals as Stock holders equity, P/Es, PEG,Estimated Earnings, etc. >g< When the tax selling ends Dec 31st and the Ocean Rig arbitration is settled, these mundane fundamentals will be the forces driving this stock back to the $30s and $40s. The options traders, short-sellers, etal are having a field day right now and many small investors are getting squashed. I am encouraged that many of the posters on YAHOO are not only NOT selling, they are accumulating more shares - which may be an indication they have more market savvy than the intellectual elitists that dwell this mighty forum. >g< Sarge

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