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

To: Warpfactor who wrote (62797)	3/23/2000 10:20:00 PM
From: Big Dog	Respond to of 95453

Warp...you are making maximum benefit from a forum such as this. It is a great place to learn...I have learned a lot from the varied posters. I've learned a lot about the oil business and about the crazy world of cyber land where people are free to act as they really are...sort of like the song that says 'dance like no one is watching'...here we can act and talk like no one is watching - with no ramifications in our 'real' personal life after the computer is turned off. And that is a big release for some people... Do Slider and Sarge act in real life like they do here...I doubt it. Both are probably well-behaved and charming guys. But here, they can 'howl'...and it's obvious they enjoy it. Hell, I even enjoy seeing which one will come up with the most insulting remarks next...they are quite talented at being disgusting. This board is entertainment...a variety show...PBS mixed in with Benny Hill. Howl on Big Mama. big

To: Warpfactor who wrote (62797)	3/24/2000 9:50:00 AM
From: hitsoft17	Read Replies (2) \| Respond to of 95453

Some random thoughts now that most of us are locked and loaded for the OPEC meeting.... First thanks to all on the thread. The gurus of the corporate world preach diversity as the key to exceptional performance as it drives out all the views/alternatives and make us think about all aspects. Well we sure as hell have diversity on this board. I have enjoyed reading the inputs of all and have made a great deal of money because of it. ( even if being somewhat ashamed that I can't contribute on the level of Slider, BigDog, BigBull and others). The diversity of opinion of those like Sarge and PP also have value here as they make us all hitch up our pants and say "BY GOD I'll get the facts and show those &^$#@$* ". By the way, who among us has not clung to a stock longer than we probably should have (FGH?) hoping that it would turn around? Warp, I too have learned a great deal and have explained even the most basic of things I have learned here to others and been labled an "expert" (LOL). But the fact is the board has made a bunch of people expert enough to make significant amounts of money in the oil and gas business. It has also allowed us to understand and explian the real causes behind things like the gasoline price increases. (Who the hell cares if gasoline goes up a bit when you can make thousands off the underlying reasons?) In short thanks to all. For the profits, training and the entertainment. Also for what its worth my scenario looks something like this..... -Hot funds at end of 1Q start to trim tech holdings and take profits after holdings are published. They know full well that techs get creamed in the spring and again in October and they want to lock in. Besides valuations have gotten really out of sight and they very well know it. -OPEC does the expected and raises incrementally 1.5 M with a promise to "Watch the situation and stay sensitive". The US claims victory, the OPEC members get the revenue and silently thumb thier noses at the arrogance of the US thinking OPEC actually gives a damn about the price of gasoline the refiners are charging. -Our instutional friends place the tech profits and new money flow in the rediculously undervalued O&G stocks like BR, FLC, HAL and others that have about as much down side risk as cash in a mattress. -All the hot shot yuppies that want in on the latest trends start to jump on the rotation and drive the O&G issues even higher. - By then the readers and posters of this board have made so much money that we have all cashed 50% of our holdings and assembled in Las Vegas to share our profits with the Gaming industry at the blackjack tables. How does that sound???????????? By the way, having been associated with the Semiconductor industry for many years I can tell you that there are many similarities between where semi stocks were two years ago and where O&G stocks are now... Two years ago in the semi business.... -The key commodity was DRAMs, the Koreans had overbuilt capacity, the market was flooded, no one would ever make any money again -Semi companies like Micron, TI, National were one fourth thier current value and on everyone's s--t list -AMAT (supplier of equipment and services for the semi business) was considered a dead duck. I think it is up now about 500% -Once market forces and DEMAND took over and the capacity was eaten up, it was off to the races. Take a look at the two year charts for MU, TXN, NSM and others now. Now take a look at O&G....... -The crash is over, demand is accelerating, capacity is eaten up, the central commodity prices have taken off, the AMATs of the oil business (GLM, HAL, FLC, etc) are starting thier climb and the prices of the E&Ps are on the verge of starting the same 200-300% climb the semis did two years ago. I know very well (thanks to this board ) that these are still very different businesses, but the similarities show what is likely to happen in my opinion. Thanks to all and best of luck during B2000/2001/2002.... hitsoft17