Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (18320)	9/4/2002 10:36:36 PM
From: Roebear	Read Replies (2) \| Respond to of 36161

Slider, I remember late 96 early 97 fondly as I made for first stock foray (previously only non gold via mutual funds) into Black Gold from the Yellow Gold trenches in that time frame. The XOI is tracking very closely where it was in about mid 97, the last time the DOW was at 8K area (Edit, excepting recent weeks and 9-11 effect). Were the DOW to retrace to the 6K (or just below) the XOI would be in the 350 area. Charts I have for the OSX only go back to beginning of 97, where the OSX was, WOW, 75! The DOW in the same time frame was (Jan 1997) was 6400 to 7000, approx. According to these figures, I would suggest there IS NO War premium, only an OPEC premium. Just a suggestion mind you, food for thought, subject for dissection, discussion and etc. Best Regards, Roebear

To: SliderOnTheBlack who wrote (18320)	9/4/2002 11:38:16 PM
From: kirby49	Respond to of 36161

Slider: It's okay that you're not playing or posting 24/7, but I just want to let you know you pack a bunch into each post. Mostly lurking myself, but watching all the time as the junior golds are so illiquid that stops if set too tightly will be gulped up, so mental stops are required which means being mentally alert. (Well at least not asleep all the time) Whatever finally drives the DOW down, you're right about requiring patience and that it may take more time than most can handle. Probably easier for me as I lucked into the bottom of a no risk market April '01 in PM's and my entry levels are so low, even 50% drops from the top don't phase me when common sense says they still must go up. Not sure who all those people are that you mentioned and wouldn't recognize them, but guess they're the newest renditions of Abbey Joe and equally as wrong<GG>. As a Cdn cousin I have ROBTV on for the TSE ticker, but usually on mute and only know that the fat guy with the bad clothes and suspenders is Lou. Yesterday I did hear something on ROB I haven't confirmed yet and that is that IBM was swallowing Coopers Lybrand. Don't know if that was just north of 49 or not but haven't been able to confirm it in our business rags on the net. Frank, did you hear this? I didn't know there was a connection, but do know that Coopers set up the off balance sheet companies of Enron that Anderson just ignored or didn't audit. There have been no accounting scandals here in Canada and everyone thinks I'm nuts when I talk about it, but when everyone shrugs when our PM uses taxpayer money to buy his G & CC it's pathetic. They don't want to hear about BNS and the gold and silver that wasn't in the WTC vault. When top politicians are involved maybe it's the same everywhere. The US seemed to pass over the murder of Vince Foster by your number 1 couple when it occurred. More scandals, debt, deficits, taxes, unemployment, war .... none of which help real business to be innovative and advance or serve mankind. Regards Bob

To: SliderOnTheBlack who wrote (18320)	9/5/2002 3:29:36 AM
From: jimsioi	Respond to of 36161

Re O&G dividends, Gold at $316 and defense issues. Couldn't agree more with Slider that the O&G group (E&Ps) need to increase dividends...been saying the same for years....it's the real cash flow, and that which goes to investors that separate the real winners...imho. Problem is that the E&P sector is full for tread mill machines where the money earned from selling product is almost all spent drilling for more, maintaining reserves or paying down debt for past excesses and misses on the cycle. REAL CASH flow after interest and taxes and dividends....that's the counter... Canadian Royalty trusts have preformed well this year because people want proof in the form of a dividend that their company can earn a dime or two. Gold is printing over $316 in the European markets. The Cabal will have their hands full holding it down today... Defense stocks, I would think, would be a logical play, here, though by looking at the charts they seem to track more with the general market than anything else....one would think they'd be the ideal "war" hedge vehicle....LLL and RTN I am considering. See comparative chart below.. . siliconinvestor.com E&Ps and Canadian Royal Trusts compared....add 12% for ERF and 18% for PVX to account for distributions. siliconinvestor.com jims101.

To: SliderOnTheBlack who wrote (18320)	9/5/2002 8:27:20 AM
From: jtech	Read Replies (1) \| Respond to of 36161

09/03/2002 (878)is 35.56 p/e Dow Jones News Services (Copyright © 2002 Dow Jones & Company, Inc.) NEW YORK (Dow Jones)--The price/earnings ratio of the Standard & Poor's 500 index at the close of trading Tuesday was 35.56. Friday, the ratio was 37.10. The lowest price/earnings ratio on the S&P 500 came in the second quarter of 1949, when the reading slipped to 5.9. Over the last decade, the low was 15.77 in the first quarter of 1995. The price/earnings ratio, known as the multiple, is a measure of the average stock price divided by the average earnings per share.

To: SliderOnTheBlack who wrote (18320)	9/5/2002 11:24:49 AM
From: waverider	Respond to of 36161

A breath of fresh air. Nice analysis as usual. Been watching the airlines since you brought them up. LUV is the one on my radar...hoping to get back in if it can retest its low successfully. Current PMs: GLG, SSRI, PAAS, HL. Sold GG yesterday and added to PAAS and GLG. One weird little stock you might want to look at is Rubio's RUBO. Heathly Mexican niche in So. Cal. With the current rash of bad press on the hamburger places, etc. I feel there is a long term trend away from those to more healthy foods. Rubio's had a rough start, but they just turned in a very decent quarter and have some interesting changes in store for the eateries. I have a small starter position at 6.18. Will add as things improve...or dump if they don't. Keep an eye on it. wr