SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: waverider who wrote (27062)8/5/1998 1:53:00 AM
From: VLAD  Read Replies (1) of 95453
 
DH,

I have no problem with your advise except that I should have followed it 4 weeks ago when I thought I was an astute bottom fisher. In the short term the joke is on me but in the long term (I'm not talking years now) I still feel this sector will appreciate back to more rational levels by the time we reach the first frost.

There was a time when if you did your homework and made your stock picks based on fundamentals you could do well. Seems like the past year stock prices have ignored fundamentals and momentum investing has reaped the highest returns. It has always been my style to buy stocks that have been sold off unreasonably and have solid fundamentals. I still feel that this sector is where the bargains are.

One last point. Many of these companies are sitting on a ton of cash. Don't think that if the carnage continues they won't decide to buy back shares on the open market. A company like Cliffs could cut it's float by 1/4 at todays prices if it threw most it's cash to a share repurchase.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News