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

To: isopatch who wrote (88646)	3/14/2001 10:45:15 AM
From: MetalTrader	Respond to of 95453

watching the market, the ticks and the twitches you have to admit it doesn't have a clue what to do in the next 5 minutes. I will continue to short hope and buy fear in short trading moves but will also be paying attention to the technical signals. These are becoming more insistent that there is less risk than reward in technology. I would add the caveat that the unbalanced valuations on the large cap end of the spectrum show better opportunity on the lower capitalization stocks. The highest cap stocks continue to be richly valued relative to growth rates, but down the food chain there are good things brewing. There ARE investments that have low peg (based on conservative growth projections), high cash (not to be confused with book value), conservative accounting and going out of business stock prices. I am NOT thumping the table on equities, tech or otherwise but in a diversified portfolio I am nibbling on the tech end and lightening up on the "safe havens" such as pharma. Bonds have a little more juice in them, but not much. And while I was buying Newmont when it was 12, gold does not look interesting at the moment absent meltdown in Japan, or elsewhere. Always possible but that's a bet or a hedge, not an investment in my view now. Sort of like my comments on NG a few bucks ago. MT