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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Pete Young who wrote (46738)	5/15/2001 1:42:03 AM
From: Sam Citron	Respond to of 70976

Pete, I'll tell you what's working, and it sure ain't tech. About three months ago Barrons ran a pretty good piece about bargains in the gas patch. They took some of Herold's screens and applied them and found the 50 cheapest companies on measures like dollars per proven barrel of reserves. I thought it made a lot of sense and bought a small Canadian outfit I had never previously heard of called Petromet (PNTGF). I sounded the idea out with Ian, our resident Canadian guru, who joked with me about all the Alberta energy outfits being bought out by Yanks. But alas, Ian didn't follow the energy sector, only tech - silicon and biotech. Well I bought PNTGF at around 4 three months ago and now its trading above 8. It's being taken out, not by a Yank outfit, but by another Canadian outfit, Talisman Energy. Glad to hear your agnostic and "not sold on tech" 'cause the sector ain't gonna bottom until they spit 'em out like poison. Even after this fearsome correction we've had in telecom, there's still far too much tech mania out there.

To: Pete Young who wrote (46738)	5/15/2001 10:59:01 AM
From: Pink Minion	Read Replies (1) \| Respond to of 70976

However, an old salt such as yourself ought to be familiar with this one; "don't fight the fed". It seems that "Easy Al" is pretty determined to keep us out of the toilet. Well, purdy soon the market is going to figure out that lowering interest rates ain't going to help this economy. This economy needs more debt like it needs a hole in the head. This is an over capacity issue like it's never seen before. So much for that "new economy" in preventing this.