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

To: Think4Yourself who wrote (60874)	2/24/2000 4:09:00 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

Came across this on the Yahoo UPR board. Post seemed well worded and thought so copied it here. Does the market know something we don't by: bardinja 2/24/00 3:10 pm Msg: 2021 of 2021 The market doesn't know anything Freddy or you or I don't know. This weakness is happening in all the oil/gas stocks now and is an extraordinary buying opportunity. It is happening in large part in my opinion because of forced liquidation. The energy sector funds and value funds that invest in these stocks are seeing redemptions from money being shifted into the high technology sector. The people invested in the mutual funds aren't looking at whether or not stocks like UPR are fabulous buys right now. All they are looking at is past performance. They see high tech mutual funds going up 200% last year and value funds and energy sector funds not doing squat or even going down, and they see CNBC continually squawking about high tech and they are throwing in the towel. It may prove to be a classic case of "selling low and buying high". In the last three months, most of the new mutual fund money has been pouring into the high tech mutual funds. As this mania has developed for high tech, money has been sucked out of other sectors. In other words, the funds are being forced to sell the stocks, but they wouldn't do so if they didn't have to. Value funds don't hold gold stocks, but do hold oil stocks. Gold stocks are so out of favor that the only funds holding them are gold stock/precious metals mutual funds, and very few investors are in those funds now. --------------------------------------------------------------------------------