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

To: isopatch who wrote (88810)	3/19/2001 9:32:21 AM
From: MetalTrader	Read Replies (2) \| Respond to of 95453

as one who would never stir the pot ;).....market indicators look encouraging and I've taken my (non-margined) tech positions in areas that look relatively safe. That being said while i think the price collapse is largely over... I would add I don't necessarily believe we've seen bottom in technology or even if we have, we will see it again, and again, and again in the coming months. I spent entirely too much time looking at individual stock charts over the week end and with few exceptions there isn't a good reason to buy into technology as an INVESTMENT yet. Speculation? Sure we're probably setting up for a near term rally at some time soon. The valuations in growth stocks are relatively MORE expensive than last year comparing earnings growth estimates. Last year the relative value was 2.5x and now is at 3x. The areas that technically look compelling are in stocks like Devon Energy, Nabors, Ingersoll-Rand, Lyondell, Staples, Phillip Morris and Alcoa. I'd like to see Gold pull back a little more before adding to NEM 15 is my target at the moment. MT