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Gold/Mining/Energy : Diamond Offshore DO
DO 13.990.0%Sep 4 5:00 PM EST

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To: Bald Eagle who wrote (42)12/13/1998 7:35:00 PM
From: Jacques Tootight  Read Replies (1) of 101
 
Either way I'm holding on to my drillers. I think we could easily see doubles and triples in six to twelve months.

Well amen to that. I'm not sure about the time frame, that's going to depend on how soon demand picks up and the surplus is worked off. But double and triples are easy, some of these beautiful little companies will see four and five baggers. For a contrarian investor this is an opportunity that comes along once in a lifetime. Never has the confluence of so much bad news come together at once to totally decimate a sector like we're seeing in this one. Outside of my 401(k) I'm 50% invested in OSX stocks and I'm willing to throw more at them. So many steals, so many steals. It's like being a kid in a candy store with a new dollar bill (well at least twenty years ago).

Take care -

RC
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