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: Broken_Clock who wrote (15668)	3/20/1998 12:23:00 PM
From: Thean	Read Replies (3) \| Respond to of 95453

Did anyone notice RIG and DO kept going higher and higher while the other drillers, water or land, did not in the past 1/2 hour. Go deep and a few more yards ($), it is touchdown time. Papaya - like your analogy. We are all mo-mo. Do you know mo-mo is a kind of Tibetan dumplings?

To: Broken_Clock who wrote (15668)	3/20/1998 12:51:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 95453

<<<Now a true long term investor would have kept his GLM after he bought it at $250 in the late 70s, right? >> NO!!!!!!!!!!!!! you buy when a co. is undervalued and sell when it is overvalued. MOMO buys simply cause "gee it's going up, it'll probably go a little higher." An investor can own co's S-T just like anyone else. I prefer L-T investments because of the lower tax rate, but obviously I take S-T opportunities as well as evidenced by my NKE short. I'm not locked into L-T anything unless I belive there is still upside based on valuation. I would sell NE in a heartbeat if it opened tomorrow morning at $80, because the stock is not worth $80 w/ the present earnings and assets and general macro factors. While I do believe it will reach $80 eventually, If someone wants to pay that kind of premium on future earnings, I'll take it and buy something else. That's investing: buying when nobody will touch it, and selling when everybody wants it. MOMO is buying something everybody already wants, hoping that a few more want it at a price above where you just bought it. That's gambling. All IMHO of course. -Lucretius

To: Broken_Clock who wrote (15668)	3/20/1998 1:43:00 PM
From: Chuzzlewit	Read Replies (1) \| Respond to of 95453

PK, let me give you a real life example -- Glen (aka Beeblbrox) knows about this one. I bought CKR, a restaurant chain, at about $30 several months ago. It was a nice growth story. It recently decided to expand by buying restaurants from its franchisees, and financing the debt through a combination of sales of some restaurants and the issuance of debt. The large amount of debt required raised significant flags in my mind about the ability of the restaurant to pay its obligations in case its anticipated turn-around of the newly acquired restaurants didn't go according to schedule. I sold a few weeks ago at 42 1/2. The stock is now trading at around $36. I sold because I felt the growth prospects of the investment were compromised. That was the trigger. I made similar decisions this past year with respect to IBM, OXHP, PAIR, and SEG. Of these stock, PAIR was the only one that I had bought in 1987. Regards, Paul