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

To: kingfisher who wrote (18665)9/11/2002 10:01:11 PM
From: Davy Crockett  Respond to of 36161
 
I wish u had told me that when it was tradin' under $4.00

O well... live & learn <g/ng>

edit: just teasing ya, I was watching the stock go down, go up & up & up

much like FLY.a <ng> well not quite... i bought FLY @ 3.90 or so 3 or 4 years ago & sold it a buck later... when I thought (silly me) that it was overbought... u will note of course that that was over $30.00 CDN pesos later OUCH!!!!!!!!!!!!!!!

On the weekly chart FLY put in a clear "W" after the gap down from the "M"
bigcharts.marketwatch.com



To: kingfisher who wrote (18665)9/11/2002 10:03:12 PM
From: Frank Pembleton  Read Replies (2) | Respond to of 36161
 
Kingfisher... be careful when you're basing an investment decision on the P/E ratio. It's all well in dandy to look at one of the most basic fundamental indicators, it's another not to read the annual report and notice these guys have a shit load of convertible debt. A P/E ratio of 6 is too high for a mature company that doesn't pay a dividend.

Regards,
Frank P.


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