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: hitsoft17 who wrote (82397)	12/21/2000 6:32:15 PM
From: hitsoft17	Read Replies (2) of 95453

I was just looking at some of the recent devastation in techland and thinking back. National Semi supplies a fairly broad cross section of components to various providers of telecon, computational, and entertainment stuff. They seem to have acceptable margins and moderate growth. They also have a PE around 5. I remember a time not too long ago when I was sitting in my study angry and bitterly disappointed in a stock I had bought that had gone from 12 to 4 or so. Right there on the screen was it's PE of 2. Thats right TWO. I thought to myself this thing is for the birds. I however kept it. That was TMAR the little boat company that could. It went on in the next two years to quadruple. Now granted semis aren't oil service stocks, but the point is if one can just make themselves believe that some of these beat up tech stocks will just double sometime in the next two years, it will beat the average stock market return in every year since the buttonwood tree. Hell, it's not hard for me to believe that a few of the more beaten down issues can double before Easter. Sorry for the rambling........ Hitsoft17

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