SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: BigBull who wrote (56726)12/11/1999 9:28:00 AM
From: BigBull  Respond to of 95453
 
APA CEO Hammers Bill Richardson in PUBLIC

"He is out of line, out of order and should be fired," Apache Corp. (APA) Chief Executive Raymond Plank said.

Yeah! A REAL oilman, if there ever was one. Give 'em hell Ray. That's the style!

dowjones.wsj.com



To: BigBull who wrote (56726)12/11/1999 10:41:00 AM
From: Crimson Ghost  Read Replies (1) | Respond to of 95453
 
BB

A comment from the latest "Contary Investor" that goes the roots of the problem facing OS stocks now.

A discussion of some widely accepted myths.



" Commodity raw materials are in a state of permanent oversupply.

We're not talking about the rampant consumption and waste. We're talking about the investment mindset. It's amazing
that when DRAMs are in short supply for one month that Micron more than doubles. In like manner, despite the huge
upward move we've have seen this year in oil, the service stocks are nowhere near there highs of the last few years. It's as
if the market perceives there is a shortage of servers, chips, PC's and routers. Quite the opposite folks. As the global
economy picks its head up off the floor, commodity raw material prices can only head higher. Inevitably, commodity raw
materials are finite in supply. Unfortunately, that's a long term view. Of no use in a short term world."