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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: waverider who wrote (44721)5/14/1999 7:42:00 AM
From: Think4Yourself  Read Replies (1) of 95453
 
OT: Play WHAT game? I made 55% so far. The quality companies you mention are WAY overpriced as far as I am concerned. It's all about risk vs reward. I am willing to take more risk than you are. That is all there is to it as far as I am concerned.

As far as the 1% profit margin goes, that's a HIGHLY oversimplified statement, but it is fine with me. They will do 10 Billion in revenue this year, and profit margins are expected to improve siginificantly as cost cutting measures take effect.

Bottom line is that I have been using HS as a non oil hedge in my portfolio and it has worked VERY well for me.

I'd be happy to continue this "game" on the appropriate SI thread after you have come up to speed with what has been going on the past 2 months.
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