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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: GREENLAW4-7 who wrote (121430)6/7/2009 1:20:17 AM
From: buckbldr5 Recommendations  Read Replies (3) | Respond to of 206121
 
Greenie, you write:

>>>Regarding ESV at 20-24 bucks, I do believe on a historic basis and fundamental back drop of a contracting economy ESV is expensive at that area,..<snip>,... (brackets mine)...{but that is my opinion only.}<<<

I guess in order to resolve my contention that you STILL seem to insist on not addressing your ignoring Paul's points of disagreement with your declaration that it is a fact that ESV was overvalued back in Mar, '09,...maybe we should determine the definition/meaning of overvalued or overpriced stocks.

However, since you NOW contend that it is "your opinion only", that ESV IS Expensive at 20-24 bucks, maybe we should accept this statement as a reluctant effort to admit your error in declaring your previous statement as a fact. I do commend your efforts to provide some bases for your opinion/statement of fact in these three posts, though I disagree with your inclination to use primarily past historical events as a basis for your conclusions....mainly because this fails to consider the vastly different economic conditions existing at each of your examples, which most would admit would have significant effects on the efficacy of calling future prices and economic conditions with a high degree of accuracy.

I should think, with all due respect, that you or anyone would be hard pressed to define AS FACT that a stock such as ESV with the sound fundamentals as expressed by Paul S.,was overpriced at its recent lows in March, when it made a solid 80% uptrend move in the next 3 months, and is currently exhibiting what could be reasonably called a mere corrective dip on the chart.

Methinks that your admitted Perma Bear affliction is clouding what should be sound judgement, given what I understand is your extensive experience in trading stocks. BWDIK?

As I see it from this side of Eighty,

Buck