SI
SI
discoversearch

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: Gene J. Abel who wrote (5871)12/22/1997 12:48:00 PM
From: Big Dog  Read Replies (5) | Respond to of 95453
 
For all that ask why such and such stock is going down -- the answer is -- the sector is in a downtrend. Simple answer? Yes, but sometimes the simple answer is the right answer.

Yes the fundamentals are great on all of the companies in the sector. FGII just announced a HUGE contract and the stock is down -- go figure.

But I am professing the Rubber Band Theory. There is NO WAY IN HELL these stocks can NOT make sharp upward moves in the near future. The earnings of these companies are screaming and will be shortly recognized -- again -- in the market.

I think FGII is the MOST compelling buy in the sector -- and they are not directly dependent on day rate blips.

In the next few months we will look back at these dark days and wonder why we didn't buy more -- except for me and I own so much of it I should be a director of a few of these companies :)

Just hang in there guys...our day of glory is coming. (Is this cheerleading? Too bad.)

mike



To: Gene J. Abel who wrote (5871)12/22/1997 1:01:00 PM
From: Ronald J. Clark  Respond to of 95453
 
BDI has no technical support and virtually everyone in the stock has a loss--makes for a good tax loss sale issue.