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

To: SJS who wrote (11245)	2/10/1998 2:37:00 PM
From: Broken_Clock	Read Replies (2) \| Respond to of 95453

Steve, <<High, but in light of low rates and dormant inflation definitely possible... >> PE of 24-25? he's serious right? His reasons/justification make little sense to me.I'd believe him if he just said "there's a greater fool out there than you so go ahead and buy it..." I've seen htis before here in hawaii...back in 1990.Right before the end people would buy at any price.Then Sadam invaded Kuwait and the market shut down overnight...literally! Eight years later prices are about 30% of 1990 prices. I guess what I'm saying is...where's the yield? Dividends are under 1% on the DOW. That's not even funny.I liked the drillers better at PE 12-14. When they hit 25-30 we saw what can happen. Some of those internet stocks don't even have PEs...they've never made money! Set tight stops is my advice.There might just be a few bumps in the road! PK