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

To: Think4Yourself who wrote (75346)	10/2/2000 4:41:10 PM
From: The Ox	Read Replies (2) \| Respond to of 95453

While the NASDAQ run was overdone, it was based, to some extent, on fundamentals. Take a look at the Semi industry this year and look at the order growth. Absolutely incredible. 80% growth in orders, year over year. Of course the industry can't sustain this type of increase and next year will probably drop down substantially to 15-30% growth. I'm not talking about the internet hype of the week that the market went through. Much of this hype wasn't based on technology, it was based on Tulips (almost everyone's favorite saying). Look to the nuts and bolts companies who are doing the heavy lifting in the tech sector with one major factor in mind: just like the patch it's a stock pickers market. They don't have to be the biggest companies around but they do have to be producing in this relatively tough environment. Filter out the noise and concentrate on realities. Don't make the mistake of picking a tech name out of the hat, simply because they make semis or computers or phone systems, etc. Just the same way you don't just pick out a patch stock because they are related to the oil industry. The folks who have been riding some of the intermediate integrated oils, haven't been getting the returns that many of the service companies have received. Compare NT to LU. Compare ORCL to MSFT. Compare your favorite E+P to the dog E+P you thought wouldn't perform and you've been proven right(or wrong as the case might be). Choose wisely! BTW, that's one of the great benefits from reading this thread. We get different points of view from many different perspectives. Those folks who can filter out the noise have a wealth of information to help them base their investment decisions.