COMS & the Ghost of USRX w/ other STUFF Message Board

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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF

COMS 0.00130

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Nov 7 11:47 AM EST

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To: Dwight E. Karlsen who wrote (11419)	1/8/1998 5:15:00 PM
From: David Lawrence	Read Replies (2) of 22053

Dwight, As oil goes, so does the service sector. There are some great buys if you can handle a long horizon. Some of the drillers have all of the rigs out on leases at very profitable day rates, guarantted income/cash flow regardless of oil prices, yet they keep on heading down. I still have my positions in PKD and ESV, and have no intention of selling. My speculative oil play is GOU, which is a play on value. It is truly tied to oil prices, so hasn;t weather the last few weeks too well. I'm looking hard at NSS too. It's really been hammered. I was short, but got caught in it's last gasp and covered too soon for a loss. If I had stuck by my convictions as Jeffy had, I would have made out like a bandit. Now it's really cheap, drive down by falling oil and steel prices. Funny thing is that there is an undersupply of rolled pipe steel, so they have a good market and falling raw material costs. Yet it too remains at a very low PE. It takes a tough stomache to go long anything in these conditions.

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