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

To: Thean who wrote (12645)	2/23/1998 8:15:00 PM
From: Flan	Respond to of 95453

Thanks Thean, I cannot and will not sell PDS - the lesson I have learned is that a stock recovery starts before one is actually starts in an industry - PDS has hard assets worth some serious money and if all hell breaks loose and they only do 40% of what they are expected to in the next 12 months (CFO already stated he is comfortable with 98 numbers of 2.50) the stock is still selling for a 10 p/e - solid mgmt, no debt, yada yada yada - I can't tell this value tale anymore - I have egg on my face telling my friends that they were crazy to own the boxmakers like CPQ and Dell at the prices they were trading at - Told them to look at some of the drillers - Wrong call but then again who thought oil would be down $10 in a little over one quarter. Not me or I would have pucked up every stock I owned - Another lesson learned - don't buy stocks that are linked to commodities - I made a ton of money a few years ago on INCO ltd ( Canadian Nickel co) well it has been cut in half recently as a result of falling commodity prices - Expensive lessons to learn.