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

-18.8%

Nov 7 11:47 AM EST

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To: Scrapps who wrote (13439)	3/6/1998 7:17:00 PM
From: David Lawrence	Read Replies (1) of 22053

>>are any of these close to a good entry point? I like both ESV and GLM, I have orders in on both. I already hold ESV. Make no mistake about it - oil commodity (XON, CHV, etc), drillers (ESV, PKD), and service sector (GLM) is a very cyclical sector, since it's driven by both the price of oil (and NG) and demand. The cycles can run for years, but can have sever spikes when "events" happen. I'm looking at these as long-term investments. I'm in the camp that says current crude prices will move up due to strong demand, and the drillers and related sectors will be rewarded with higher PEs. There have been few if any new rigs added during the past decade, and there is new activity in building new rigs to fill the current shortage. I think that bodes well for the industry going forward. If you are thinking about establishing a position, my suggestion would be to place a reasonable stop if you want to limit your downside exposure.

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