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: SliderOnTheBlack who wrote (30502)	10/8/1998 4:21:00 PM
From: Douglas V. Fant	Read Replies (3) of 95453

Slider, Now is the time to buy if the institutional investors are getting on TV and crying "uncle". Lots of value here- also look to the techs- glittering gems lying everywhere, many high quality companies selling at just over book value. Only exception is the telcomms- they need to come down a bit more, although I did buy one telcomm stock myself today PAIR It's $6/share and has $3/share cash in the bank....So so what if it has a few bad quarters up ahead. You're right the NASDAQ small/mid cap stocks are on sale big time- PAIR is just one of many examples. The OS stocks I follow came down and bounced off of their bottoms on the first retest of the bottoms they made about six weeks ago- that is good. WFT fell to $16/share, but before I could get to a phone and place an order it jumped right back up to 16 13/16ths. That tells me that there is lots of money ready to step in and buy at least WFT at its recent bottom (which is not too far above its book value of $14.52/share!). Of other OS stocks- did other people see the same pattern today? Sincerely, Doug F.

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