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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Warpfactor who wrote (1228)	3/8/2001 8:20:20 PM
From: Gottfried	Respond to of 23153

Warpfactor, this is a very worthwhile discussion. >The fact that Maria & Cramer even mention E&P is evidently a sell signal, or so I seem to be reading from threadsters.< If new investors are lured to the patch by those two, then we should at least observe stock prices before jumping out. Gottfried

To: Warpfactor who wrote (1228)	3/8/2001 8:32:45 PM
From: excardog	Respond to of 23153

Warp I don't have that on hand but if I spot it I'll repost. Thinking that such bullishness on energy might signal a short term top. If I miss some so be it. Still have a few dogs that may well join the party. My VPI message board indicator is far too strong on the bullish side so I'm prepared to watch until proven wrong. The DOW has got to crack and should she go I'm betting she takes everyone with her. Just my opinion.

To: Warpfactor who wrote (1228)	3/8/2001 8:38:45 PM
From: Think4Yourself	Respond to of 23153

Was just thinking about that article this afternoon, and laughing at the authors claim we were in the distribution phase. We were clearly in the accumulation phase, and moved to the markup phase this week. Here is the link: Message 15331314

To: Warpfactor who wrote (1228)	3/8/2001 9:39:03 PM
From: Telemarker	Respond to of 23153

Warpfactor, I concur with your views on energy stocks. I consider everything I buy to be undervalued (only way I'll buy it), and only buy with a fair value range in mind, at which level I plan to sell barring further fundamental improvements. Thus, I will be selling my "undervalued" energy stocks when they reach the upper end of that range at the latest. Will be happy to let the greater fools play musical chairs for whatever may be left. In any event, there should be ample liquidity to push the energy shares higher from here - we'll just have to see what happens and where that liquidity lands up. These fair value ideas of mine also assist me in trying to distinguish the symptoms of a fully or overvalued market from other things. For example, just because Cramer and some others may be turning bullish on energy doesn't necessarily mean that were at a top. If shares were predominantly fairly to overvalued IMO, then I'd view it as a symptom and thus take it as more of a bearish sign. After all, it stands to reason that if the energy shares are becoming overowned and overpopular, overvaluation would accompany this. Of course, if my perceptions of value are inaccurate then I've turned a deaf ear to the warning signs. That's where I have to trust my business judgement, which I judge to be my strength. Dicey stuff, to be sure, in a public marketplace, but it's my best shot to be objective. Along that line of thought, and further to my earlier post regarding HECO, I'll opine that the bottom end of HECO's fair value range is around $18-20 which would put it on a par with its undervalued peers. Naturally, the upcoming earnings report will be important. Regards, TM PS: I felt that tech shares were overvalued in 1997, but I'm not in this business to try and make money from the emotions of the masses.