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

To: jim_p who wrote (8593)	9/25/2001 10:32:17 AM
From: ItsAllCyclical	Respond to of 23153

Consider that most OSX companies have yet to warn or are just starting I'd probably wait until the warnings come to see what sort of reaction you get. I agree LT that OSX 55 seems like a pretty good entry pt, but there's no guarantee OSX 48 will hold given this current climate. Also LSS warned around $20 and is now sitting around $11-12. I like at least half of the companies warn in the sector before I'd even consider it. May miss an initial bounce, but I don't feel any need to rush back in. I think mutual funds are still trying to get out. Energy funds will be liquidated to buy "cheap" tech. You'll see more downgrades once the street has repostioned themselves again. Just a word of caution. But you nailed NG prices so WDIK.

To: jim_p who wrote (8593)	9/25/2001 11:33:06 AM
From: Sharp_End_Of_Drill	Read Replies (2) \| Respond to of 23153

Jim P, about OSX stocks. It may be a bit early, but I've started to buy a few back. I've gotten RDC, NOI, GW, SII, and KEG so far. On the E&P side I've dabbled in OEI and TMR also. These have been small buys to date, and I'm going to stay with high cash percentage for now - but getting a few shares early makes me watch them and I'll be happy to buy more at lower prices. Sharp P.S. Thanks again for KWK - I've had two trips to the well for great profits each time. I probably covered early, but like another poster I hit my target price.

To: jim_p who wrote (8593)	9/25/2001 3:24:19 PM
From: MetalTrader	Read Replies (1) \| Respond to of 23153

jim, I sorta agree with you, but standing in front of a mack truck generally just makes you a speed bump. OSX contract drillers are selling at very very low valuations. If one looks behind the momentum, supply/demand dynamics and global gdp (yes I know, it's a lot to look behind) the valuations on a NAV basis are at low trough levels. Generally speaking contract drillers base down at about 1x asset value. DO and RIG for example are now below 0.90x NAV. I am not sure I will be buying here.. that could change anytime, but I'd sure be keeping some funds around for the first whiff of an upward revision in global gdp. Since I don't expect to hear that anytime soon, I'll be keeping an eye open for multimonth base patterns. mt