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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Challo Jeregy who wrote (19364)4/16/1998 3:21:00 PM
From: waverider  Read Replies (2) of 95453
 
>>The glass is half full, not half empty<<

That did it! Challo, you have now been registered as an official Strictly Drilling roughneck. The committee has spoken!

Now back to the money thing. Looks to me as if several of you are right on the mark about how the market reacted this morning. Future price action will tell of course, but with the fact that ESV has bright prospects (despite the handwringing by the market over dayrates...which the worse case nightmare has already been factored in methinks), oil stabilizing upwards, etc. the sell on news this morning will be a brief pause in our momentum. A lot of our stocks are making up this morning's losses rather quickly as they did yesterday.

A thing to consider is that ALL the weak hands have long since abandoned their stocks and we're what's left. The funds are buying, insiders are buying and we're holding and buying...while the market is freaking out about the internet. Knowledge is power, and thanks to those on this board who are in the industry, we've got the edge there too. I do not accept that we will tank even if the dayrates do drop as feared...because the sellers are long gone and our prices REFLECT the future already.

Baird...we need to print and publish your posts. Title of the book?
"How to Have Confidence When Alligators Keep Biting Your Ass: Good Research and Faith in Yourself."
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