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

To: waverider who wrote (22847)5/26/1998 5:26:00 PM
From: Broken_Clock  Read Replies (2) | Respond to of 95453
 
Diamond...since November, I think we've been through 6 or 7 "This is it! Buy now cause they won't be this cheap anymore." rallies.

Personally, I think OPEC really screwed the oil market with the ill-timed out put increase. It wouldn't surprise me to see them have to end up with a cut BELOW the original quotas.

SII does look good today at a PE of 15.6!



To: waverider who wrote (22847)5/26/1998 9:39:00 PM
From: Thomas J Pittman  Respond to of 95453
 
I think you are firmly in the 'widows' timeframe.
I hung around the semi-equipment sector for a long long
time watching as a commodity price (DRAMS) fell thru the
floor. We all talked about oversold and undervalued
until we were blue in the face.

This is feeling damned familiar. There's going to be
blood on the tracks around here before long.

Safely on the sidelines waiting for the panic....

J


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