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

To: Archie Meeties who wrote (58550)	1/14/2000 5:46:00 PM
From: MARK BARGER	Read Replies (3) \| Respond to of 95453

So, after 8 years of the greatest bull market in history are you calling for a top? I played this "undervalued" sector for all of '98 until I finally figured out that this bull market was just hitting stride and taking off without the oil service sector, and dumped my oil service sector stocks and bought companies that were actually growing their earnings. '99 was my beast year investing ever and I see 2000 being even better. Instead of using my time doing DD for the oils, there are much more exciting growth propects in the high tech sectors. One day there will be some actual sector rotation into this sector. Presently and for the last 2 years only traders have done well, buying and holding don't get it for the oils. Every little correction we have had the last 2 years in the broad market has just been another opportunity to load up on growth stocks. Believe it or not there are a lot of good stocks outside of this sector. One example is CREE. A stock with a PE of 100 is fairly priced or even a bargain if it can double earnings each year like many of the high techs have been doing. I'll admit that with oil prices up this sector looks ready to rumble. It's just that there are so many other glamorous stocks soaking up all the liquidity that I see rotation not coming for a while, I'm not sure what will be the catalyst for moving money back in here. It's sure not $25+ oil prices. Good luck to all. Mark