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: Bazmataz who wrote (27200)	8/6/1998 10:40:00 AM
From: SliderOnTheBlack	Read Replies (2) of 95453

Target Prices ??? ...are we degenerating to just throwing numbers out there ? How about RIG @ $ 2 1/2, FGII @ .50 cents a.s.o.... All though; a case can be made for irrationality - but, I think we are going beyond rationality here. Yes; FGII at a PE of 20 can certainly go to a PE of 10-12, RIG as well, but RDC @ $5 & GLM @ $6 is beyond any serious thought here....have we digressed to this level ? - if so...we are at the bottom mathematically & intellectually... C'Mon Baz - you can't be serious ?

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