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.

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

To: Big Dog who wrote (5227)	12/15/1997 3:49:00 PM
From: The Perfect Hedge	Respond to of 95453

Now that Nostradamus is gone let's get back to business.GD

To: Big Dog who wrote (5227)	12/15/1997 3:52:00 PM
From: Flan	Read Replies (1) \| Respond to of 95453

Yes PDS reports $0.70 fully dil vs .34 - Wow!!! and the street says well that is not good enough the stock is down 1/2 to 23 1/2 - Oil service stocks are the red headed step children of this market. If PDS does close to 3.00 CN next year the stock is trading at a 10 p/e and people are still selling. Man I must be missing something because you really have to think these companies are going out of business to be selling the stocks at these prices. Mike in talking with your industry buddies is there even a slight inclination of a possible slowdown. Institutional tax loss selling should be over by now so I am curious where all these sellers are coming from.