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Gold/Mining/Energy : Global Santa Fe (GSF) (formerly Global Marine)
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To: Elmer Flugum who wrote (493)11/5/1997 11:05:00 PM
From: BLong  Read Replies (1) of 2282
 
Thanks for answering my questions so quickly, Len. I had the same impression about the effect of the Middle East situation on the domestic oil industry, and it was good to get your opinion.

With regard to networking stocks, CSCO is generally considered to be #1, although the P/E ratio is high. It is in good favor right now with MMs and has had a good run up lately. I sold all my stock in CSCO today to turn some profit. They will have a 3-for-2 split in December. Looking to get back in some time after that on dips. 3COM is generally considered second on networking, although some people on the COMS thread will disagree. In my opinion, COMS is a better buy right now with a lower P/E and the fact that the price has been driven down lately. Also INTC is making a lot of noise and is expected to go heavy into networking next year. When that happens, they will be CSCO main competition. As you probably know, INTC is down from it's high right now. I don't know too much about the other networking stocks, most of my interest is in semi, semi equipment, and PC builders.

Back to oil, what do you think of GLBL? I know the P/E is higher than GLM, but the stock has been going up nicely.
Bill
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