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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (56734)	12/11/1999 11:26:00 AM
From: BigBull	Read Replies (1) \| Respond to of 95453

Clearly George, perceptions matter. However, even in this currently unpopular sector there are clear winners. Pipe manufacturers. Early cycle? finance.yahoo.com The SSB report I posted earlier CLEARLY indicates that Wall Street sentiment is shifting in a major way. They are noticing the current near full utilization of Jack up rigs in the Gulf. Day rates have jumped 60% in a very short period of time. So first the pipe shortage, then the rig shortage, then the construction vessel shortage. I hope you do not mean to suggest that once 100% utilization rates and a 100% increase in day rates occurs that these stock won't rip? That would be strange. Maybe you are right, value investing is passe. However, I refer you to 1996 when it was considered passe to invest in the patch. I've heard these same arguments about growth versus cyclicals ad nauseum, ad infinitum. With me they don't wash. They are made EVERY oil cycle. And with every tulip bubble growth sector fad that comes down the pike. Just how many of these I Nuts do you think will survive the INTENSELY competitive world of the WEB? Hmmmm? How soon we forget - OS stocks were second only to tech stocks for a good part of the year, they may start to out perform them in y2k as many of these techs tulips are about to get their bubbles burst. The NYSE and NASD are preparing to reign in the daytraders and raise margin requirements. They know these stocks are out of control and something needs to done soon. You remember what happened to those Internet stocks then don't you? The patch sounds as though it now longer has any promise to you. Just remember the kind of gut wrenching gloom we are hearing on ALL the patch threads indicates a major bottom is near. Of course, this time it could be different, bubbles won't get burst.