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: Jamey who wrote (28209)	8/24/1998 1:33:00 AM
From: cherrypitter	Read Replies (1) of 95453

Santiago (good post) and all: lets get a little perspective here folks. I imagine ya'll are a bunch of young turks and turkettes, by that I mean about 40"s or 50's at the oldest; (I am a lot older than that). Can we agree that it is more than likely that in three (3) years the price of the following OS stocks will be at least as follows? FLC $25 FSESX $34 Mind $17 SFY $$22 FGII $26.50 Seem like reasonable valuations IMO. Guys and gals, that is a doubling of the current price for an average gain of 33%/ year!!! The insiders mentioned in Santiago's piece aren't worried about catching the bottom, they know that these values today are cheap for a long term investor. What matters that they go down another 20%? Over the long haul it will not matter if we can agree on the above valuations in 3 years. You guys are mostly trying to grow your IRA's and 401k's. So what if your Portfolio is down now? . I am a senior citizen and I am not overly concerned. I don't like it but time and patience will take care of these valuations. "OT" to Micheal- you made a nice call on SFY in the $9 range. And you were quick to point out to the board, and rightfully so, that it took a nice 35% run up to the $12+( before a pull back Friday.) According to your posts you are not invested so I guess the whole call was academic! Kind of like the stock picking contests school kids have on CNBC with paper money! Good investing, Rich

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