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: William L. Oppenheim who wrote (10401)	2/3/1998 12:26:00 AM
From: SJS	Read Replies (2) of 95453

Yes, I suspect that these stocks will be higher in 6 months. But I mention the following only from perspective. GLM was pushing 36 in October 1997. Now analysts think it will get back to 32 in 1 year. That preciptious drop in 2-3 months, even to a LT investor, has gotta hurt. And it will take a year or more to retake that ground (or so they say). You can listen to all the talk: Value this, PE that, bang the table harder...watching a 200 point "everyone except drillers" participate rally is very hard to watch. Imagine what a down day will do.... In the meantime, MSFT went from a "woe-is-me" 120 to a hearty 155 in about the same time. In this sector, I am starting to feel like Sysiphus. It is no wonder that the magic and momentum are lost and uncertainty is back. You can trade uncertainty and make money, but I still hold core positions that are troublesome to look at. Regards,

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