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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Stoctrash who wrote (3405)	3/8/2001 12:09:01 PM
From: John Pitera	Respond to of 33421

Fred, the BRCM short has worked well for you. AMD has been a strong relative performer, both technically and from a valuation basis. Cramer decided that there is value in the oil/Natural Gas area...my question is where has he been the past year, as we have talked about it repeated on this thread and on the Wild World of Stocks thread........ -ng- ----------------- The Oil Gods Are Speaking By James J. Cramer 3/8/01 10:53 AM ET Sometimes a bell goes off and if you listen to it you make a ton of money. Yesterday a bell went off in the oil patch: Royal Dutch/Shell went hostile for Barrett (BRR:NYSE - news - boards). Royal Dutch/Shell is considered to be the industry's premier operation. It is a magnificent company filled with a tremendous number of smart people. When I was at Goldman Sachs I used to "use" Shell as my oil selection when I called on customers because I knew it wouldn't blow up in my face. They are shrewd financially and they are incredibly good at evaluating prospects, of theirs and others. For them to go hostile, for them to be willing to pay a substantial premium, means that this stock and this cohort must be extremely undervalued. It is as if the gods of oil have sent a signal, that despite the rally in the group, there are bargains in the patch. I need your help. Send me your ideas. I want to be all over this sector. I need to know which are the most undervalued oil-patch properties out there. We have some winners to pick here.