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To: jbe who wrote (16771)	3/26/1998 10:12:00 PM
From: waverider	Respond to of 95453

>In other words: as companies, they are not losers. BUT -- and this is the big question -- is the SECTOR a loser? And if so, for how long? I keep on debating with myself about whether to call in the chips or not, whether to go on to fairer pastures or wait here until the cows come home. What is the "realistic" thing to do? Thoughts, anyone?< jbe, that is always the problem with posting here. Often the reply to a post has nothing to do with the original thought. You just happened to be the last guy out. Anyway, you are right, I am hanging on. In fact I made my final moves today by placing the final amount of uncommitted money in my retirement fund into Fidelity Select Energy Services Mutual Fund. So what are we talking about here? -Pure oil in my stock portfolio (except for QCOM) -80% of retirement funds in energy WHY? Because I do NOT like to invest in sectors that are overpriced. What is overpriced? My definition is anything selling at a PE 1.5 - 2x over their possible, future growth rate. Can we say Cisco? Can we say Intel? Can we say the Blue Chips? Can we say internet stocks. Frankly, I don't give a damn about what the market is saying by bidding up these companies. I own undervalued corporations with stellar fundamentals and they just happen to be in the only sector that exhibits that now...energy service. FWIW I'm seein' green for the first time in my portfolio in 4 months. WHY? I bought all those horrible energy stocks last week. Oh my! What a concept. Buy low, sell high. It ain't high yet.

To: jbe who wrote (16771)	3/26/1998 10:24:00 PM
From: shadowfax	Respond to of 95453

They are not "losers" when it comes to fundamentals, only losers because of psychology. They are the true example of that famous few words of one of the "Gods". "Be greedy when others are fearful and fearful when others are greedy." PS I am holding onto RDC that I had way down in 24's and started way higher than that. Had I let go I would have suffered a huge loss, rather than the tidy profit I am in the way of making.