Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: kirby49 who wrote (11459)	4/30/2002 7:42:38 PM
From: Frank Pembleton	Read Replies (2) of 36161

Bob, if the POG falls into any kind of a range - we'll get killed anyway. Your analogy (top of the flagpole) of valuations is spot on - that's why I decided to hedge a little with that Telco bad boy (NT). Everyone from analyst to the proverbial shoeshine boy is bearish on this sector, so now I suspect the sellers are few and far between - with only the hardcore buy/hold types are left. I think it's safe... <ggg> (as he plunges head first into a pool of piranhas) Regards Frank P.

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