Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: marc chatman who wrote (19411)	4/16/1998 9:18:00 PM
From: William L. Oppenheim	Read Replies (2) of 95453

I agree with the cyclical comment. But the cycles are as long as 5 to 7 years. Why are we worrying about this on a day to day basis, hanging onto every press release, earnings estimate, and internet rumor. Let it ride 6 mo and see where we are. Fact is that compared to last October, ESV is down 40% or so. The market already factored in these types of reports. In another year we may well be talking about the amazing Asian recovery the same way we talk about the California recovery. This will have to be factored into the demand side of the equation. I don't believe that we can accurately predict these things further than 6 months out, which is still in the realm of a non capital taxing event. When you get out 18 months, no one can really know what the market may be doing then. But it is precisely at this point that you gain a nearly 50% advantage over shorter term investors. Because predictability is so poor at this length time period, all of us have a better chance against insiders and large players. If you think your system is good, you ought to see theirs. What are you flying these days. I do the P210.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next