Trico Marine Services (TMAR) 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 : Trico Marine Services (TMAR)

TMAR 22.46

0.0%

9:47 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: D.J.Smyth who wrote (526)	7/9/1998 8:06:00 PM
From: JZGalt	Read Replies (1) of 1153

what happened? the price of oil is little changed from two months ago. I think you misunderstand what I've been trying to say. I am still very positive on the company very long term, but the perception within the oil service industry has changed mostly as the oil prices have gone down somewhat and the perception that OPEC is unable or unwilling to curb production. Until either that perception changes, or the company starts to once again instill confidence in the "anal"ysts. The problem with storage is also keeping crude prices low and that puts a damper on the whole sector. My answer is if you want to buy TMAR at $13 or below, you will get a hell of a bargain 2-3 years out. The problem is that $13 may not be the final low if the oil patch gets worse over the summer. Darrell, you keep looking for some sort of rally in this stock even though the rest of the group is in he dumps. That is very unlikely. Don't fight the tape. Let me give you an example. I bought some CCI in June 1990 at $23/share. It proceded to drop over the next 5 months to below $9/share. I bought a bunch more at $11 when it was clear that CCI wasn't going to go broke and the trend had reversed. Today CCI is worth $168/share. Are you trying to tell me I screwed up by waiting and paying the extra $2 while the stock bottomed out and the trend reversed or that I should be unhappy with the position I paid $23 for? TMAR is the same sort of play. Missing that last $2-$4 while the trend becomes clear isn't going to hurt a bit in the long run.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next