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Gold/Mining/Energy : Trico Marine Services (TMAR)

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To: JZGalt who wrote (452)6/19/1998 7:42:00 PM
From: David Lawrence  Read Replies (1) of 1153
 
>>Just wait until the price of oil stabilizes and the price of the stock starts to firm. You will pay 10-20% more than the bottom price reached, but enjoy the enormous potential that is in this stock. You cannot fight the tape unless you have more resources than I have.

I agree. Some great fundamental values are out there throughout the sector, but market sentiment is 100% in charge - long term fundamentals are absolutely meaningless at this stage. I jumped into the sector too soon - so I'm holding what I already bought and will wait for a clear stabilization and reversal in crude before adding to my positions. Even at 20% above the bottom, the service sector will have some great values, with multi-bagger returns in the long term.
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