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: Nello Filippone who wrote (40841)	3/25/1999 4:42:00 PM
From: SargeK	Read Replies (1) of 95453

Media Hype, Market Psychology and Sentiment My favorite U know who company sold at $40.+ in October '97 and is now selling for $8. The only thing that has changed is perception, sentiment and the company has acquired two other companies in '98 and has seen shareholder equity and book value grow by more than 20% during the short crude depression.. While it was over priced at the peak in '97, it is grossly under priced now. Piss on psychology, market sentiment and hype... When the price gets to what I think it's worth, I may consider selling part of it.. Patient and content. Regards, K

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