Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: BigBull who wrote (57179)	12/20/1999 2:22:00 PM
From: Jon Cave	Read Replies (1) of 95453

Bigbull, earnings don't matter. Look at MWD in the financial sector. They reported 2.80 or 2.90 pershare today and the market was expecting $1.90. They split the stock and it is only up 1 %. Why? I quess they are in the wrong sector. Maybe with higher interest rates on the way nobody wants to own financial stocks. I was expecting a nice pop in the oil sector today with the Exon news on Friday of increasing spending next year by 20%. But, no way. Even if oil stocks increase earnings by 50% next year, I am starting to think we might not see a increase in share prices. Hopefully, the world economies will continue to recover and money will come flowing into the energy sector. Those internut stocks are sucking the life out of other stocks by taking money away from other sectors. Maybe we should be buying QCOM at $470 or YHOO with only a 1500 PE <G>. Maybe, we should be buying stocks that lose more money every quarter like AMZN. Heck, the CEO was chosen man of the year for selling books and then moving into toys and electronics. Heck, I might try selling pencils on the internet and see if I can get a 30 billion market cap <g>.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next