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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: The Perfect Hedge who wrote (4040)12/1/1997 11:15:00 AM
From: Flan  Read Replies (1) | Respond to of 95453
 
Well I am paying dearly for the one rule I did not follow and that is overweighting one sector - Owning PDS,NE, CLTDF,DPSI - In four weeks I feel like I have had a train roll over me - I keep looking trying to listen to everyone talk about no fundamental changes but everything I own is blowing up - From up 30% to down 22% in four weeks. If I ever get out from this lesson learned. PDS is now selling at a 10 p/e to next years numbers. I am curious has anyone noticed increased insider selling over the last couple of weeks or have they been holding too.



To: The Perfect Hedge who wrote (4040)12/1/1997 11:38:00 AM
From: Tulvio Durand  Read Replies (2) | Respond to of 95453
 
Looks like bottom just formed and is holding. The forceful (panic) selling could well signal a turnaround. More important, can someone relate OPEC's 10% increased production to the fundamentals of the oil drillers? I doubt that they are linearly correlated, ie., I don't believe it equate to 10% less demand for oil drilling. Comments? Tulvio