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: NucTrader who wrote (24846)	6/27/1998 5:00:00 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

IMHO; you may have won the ''catch a falling knife'' award on that one... That was a fingertip catch on the tip of the ''pommell''. ...if CDG drops sub - $30; @ $28 - I will put up every last chip I have ! It is still my pick as the fastest mover when the tide turns. Now a ''bluelight special'' @ a PE of 8.5 x FY98's lowest analyst downward earnings revision of $3.70. At traditional valuations of 15 x 1998 earnings of $3.70 = fair value of $55.50 - go figure. While I do not view investing my hard earned cash as ''betting or gambling'' - I take it as an ''affront'' to my intelligence when the market ''dares'' dangle CDG @ these valuations - I'll take all I can get ! I also bought on friday - not quite that low...next move is ''all'' the remaining marbles at $28. Good Luck; ....PS - what are the ''greedy ba$^@&!s holding all those retail , financial & tech stocks @ PE's of 30+ waiting for - Sector Rotate allready...<VBG> damnit !

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