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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (18588)	8/4/1999 9:38:00 PM
From: Wowzer	Read Replies (1) \| Respond to of 56535

Hey guys, I feel for you taking the hits in the internet and high flying tech sector, but believe it or not this isn't the only sector to invest in. Look at the oil service and natural gas companies, they are coming off one their worst bear markets in history. And remember we all have to drive, heat and cool our homes. There are some strong arguments that oil will maintain its $20 a barrel and that natural gas prices should continue to rise due to dropping supply. If oil stays above $18 oil service companies will see significant increases in business in the next calendar year. Also look at the business software companies, most of them are pretty beaten down due to the slow down in business primarily because companies are not upgrading until after Y2K. But think of all that pent up demand after January...(if we survive of course).. The economy isn't slowing down it is just these over inflated internet/tech companies are coming down to earth. And even if inflation did kick in a little, oil companies most likely would benefit. For anybody interested in oil companies take a look at this thread, there are a lot of very smart posters their who know the oil business inside and out... exchange2000.com Even though we had this mini correction with internet companies falling 50% or more from their highs, just look at the 52 week lows on some of em. Most of them are still 5 to 10 times higher then their lows! Were things really that different last year to warrant such rapid increases??? Peter Lynch used to brag about a 10 bagger over 10 years not 10 months!! I used to play EGRP at 5 last year ago and it was heavily shorted at that price with valid arguments it was over valued then...BTW it stayed around 5 (split adjusted) for a long long time before it broke out in Dec. Just something to think about...Most of these internet companies will never earn a dime and will eventually crash and burn. Especially the retailers, there is just no barriers to entry and extremely price competitive too the point that most of em practically give their stuff away in hope a building a "brand name". For example, Compuserve has resorted to giving away computers to maintain or boost subscription growth and some people are even talking about future free internet service. Can't be good for the ISP's at least to the owners. And does anybody look at the advertisements on Yahoo much less buy anything as a result of them? I hope so, cause I never do and I want their service to remain free.... Sorry I will quit rambling, Rory