Thomas, Thomas
You know you are going to get flammed for your comments no matter how true they might be! But are they true ??? Time will tell !!!
I have been involved with this sector since its highs back in 11/97. I made a boat load of money and then proceeded to give it all back over the last 14 months... However earnings during that time were pretty much right in line or above. So I guess that's explained away by saying that the market is a forward thinking machine. So while the earnings were soaring the stocks were tanking... These things are in the toilet, look at FLC, ESV, GLM, RIG, RON, etc... look at any one of them,, an overweighted buy and hold investor was blown right out of the market over the last 14 months if they listened to the analysts.. Thomas there is plenty of fear and dispair...the only bullishness you see right now is either from new comers to the patch or long termers who unfortunately have felt the pain but are lucky enough to still be here to talk about it. The bottom might be in place or it might not but you can rest assured the members of this thread will be around to enjoy the fruits of their hard work.
Thomas there is nobody and I mean nobody who can accurately time or explain this market, you make good points here but so does Slider and Platter and the rest of the team.... But it is virtually impossible to time it right.
But there is only one guarantee that I can give you... Once this sector takes off, those who have been waiting for the absolute bottom will look like a deer in headlights... If you are scared of them now you sure will be scared 20 to 50% up from here. And that is were they will be well before the oil fundamentals turn around.
Speaking of Semi's....can you explain the upgrade on LRCX today ? stock was 9 bucks six weeks ago,,,it is 38 bucks today up 6 after CSFB upgraded them to a buy..... oh yea...one more thing...they made .09 cents last year and LOST $2.16 this year. Please help me understand. It appears there is a lot of money looking for a home !!!!
If and when oil hits 16 to 18 .......... It WILL find a home !!!!
Mark |
