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: debra vogt who wrote (6044)	12/23/1997 7:21:00 PM
From: Stonehenge	Read Replies (3) \| Respond to of 95453

Anyone have any opinion on ensco. I am long 600 shares, 500 that are on margin. Bought again yesterday at 30.75 figuring on a bottom. What a mistake that turned out to be. Value Line loves this stock short and long term. Any ideas appreciated. I would hate to sell as this is probably a great time to buy more.

To: debra vogt who wrote (6044)	12/23/1997 7:24:00 PM
From: pwrmstr	Respond to of 95453

"The greater the pain the greater the gain" is something that I've learned from a few years of investing in the highly volatile tech sector (if you pick the right companies like Cisco when it got beaten up in a big panic attack). Right now there is a lot negative emotion and fear reflected in the stock prices of this entire sector. One year from now, we will most likely look back at the prices we are seeing now and think what an amazing buying opportunity this was. Then we will ask ourselves why we didn't buy more at the time. The answer will be that it is really hard to throw good money after "bad" money. However, if your take a step back and ask yourself what other sectors of the stock market have the potential to boom next year, there aren't many than I can point to other than some parts of technology. No doubt that it will be a wild ride over the next year, but if we all focus on the horizon and not the waves, we will still be around when the big money fows back into this sector. Thanks for all of the informative posts.