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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (10108)	11/6/1998 5:01:00 PM
From: Ditchdigger	Read Replies (1) of 29382

Sergio, regards the oil services sector.You make it sound as if a potential conflict with Iraq is of no fundamental importance to oil services and the oil commodity sector? Any conflict and the consequences of that conflict would be of extreme fundamental importance to the sector.Just the potential of a conflict has significant fundamental implications,IMO. DD.. PS: It is important to differentiate between the commodity and the oil services sector..Granted the 2 are tied together, but not as closely as one would expect,and IMO we are seeing that divergence now..the oil services sector is still undervalued, especially when one considers the avg PE on the DOW is now back to 24..( I guess one also could consider the steel stocks undervalued as well,with thier low PE's and prices)

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