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: kodiak_bull who wrote (76440)	10/16/2000 11:09:44 PM
From: chowder	Read Replies (2) of 95453

Hi Kodiak! I found your comments interesting... >> the Naz won't find a solid resting place until we are picking the cranberries and stuffing out of our teeth and getting ready for that first slice of pecan pie. Why? I don't believe there is anything to take it northward until the new year, perhaps not even then. The oil story remains in place, I believe. << While putting some stock screens together over the weekend, I was surprised to see that there were only two, count em two, energy stocks still considered to be value plays. ROIL and EOG. I was also surprised to see that none of the tech names we have come to know and love are showing up in the growth screens. Therein lies the reason I think the Naz is going lower. The tech stocks aren't attractive to the growth investors and they are still carrying valuations too high for the value investors. In my opinion, we'll see the bottom at the inflection point where the value investors find the techs attractive and worth full positions. It may take a few months, but I think we'll see it. That's the plan, subject to change based on market conditions. dabum

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