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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Andrew Brockway who wrote (58874)1/21/2000 3:25:00 PM
From: CpsOmis  Read Replies (1) of 95453
 
<<I agree that anyone who recently bought at $1 shouldn't be criticized for selling today. Had to have been there at the right time, though>>

1) Yep

2) Though I would wait to see how this price spike plays out, this is still a good bet in my book.

If you go to Multex, they show consensus earnings for '99 at .05 and '00 of .15 They also show a P/E average for contemporaries/the industry of 30. If you use their logic, at that P/E, MEXP should be priced at $1.5 for current earnings, and $4.50 for '00 earnings.

I'm staying in the game, but much happier with my head "above water".

O/T: Slider, in good fun, of course, if MEXP does not hit $4 by Christmas, I promise to never badger you about your character here on SI again!!!!!
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