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

To: diana g who wrote (69564)	7/13/2000 3:26:44 PM
From: jim_p	Read Replies (1) \| Respond to of 95453

Thanks for the kind words, but I would rather have my SEI back. Now I know why I am a poor and not so famous investor, I always sell to late. Knowing when to buy is the easy part of investing, but knowing when to sell is what makes the difference between the wise and prosperous investor and the one who is always broke. I hope you make lots of money on your short. regards, JimP

To: diana g who wrote (69564)	7/13/2000 3:30:08 PM
From: ItsAllCyclical	Respond to of 95453

Diana I still disagree, but thanks for posting the Barron's link. I had read the Street.com articles and was under the impression that SEI had valued their 2D seismic library higher than some analysts thought they should. I can see how this would effect book, but I'm not too concerned with book. This issue did not bother me much. However, I see the Barron's article talked about them being cash flow negative (3 mil) when the industry was in a general downturn and their aggressive writedowns (7 years vs PGO's 4 years for expensing their seismic). I think this is already priced into the stock at these levels. I will to concede that SEI should trade at a discount, however, I don't believe that discount should be 50%+. Perception is changing about seismic and SEI as evidenced by SEI, PGO and VTS all being up today. That Barron's article was written 1 year ago back when SEI was at 12. SEI tested and held support in the 6-7 range several times. It's still below 12 when the article was written and since then the oil business has changed dramatically. If we have continued $25 oil I have to believe SEI will be a major beneficiary. The worst news is behind SEI and given it's short interest I'm staying in a while longer.