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: papi riqui who wrote (22980)	5/28/1998 2:15:00 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

Asian Oil demand numbers; not as bad as first thought... from DLJ Oil Analysts: "GLOBAL OIL AND GAS 05/27/98 ÿAsia Oil Demand Watch Despite some signs of strength in Asian demand during February (please see our Asian Oil Demand Watch from April 22, 1998), markets felt a renewed bout of weakness in March. Asian oil use at the consumer level fell 6.3% in March and fell 4.1% for the quarter. The declines were led by a 14% drop in both South Korea and Thailand, and a more serous near 5% reduction in both Japan and China. India was the only major country to witness a rise in consumption. There is good reason to believe that these demand figures are being understated, particularly in China, where black market imports have apparently surged. Domestic Chinese prices are much higher than those at the international level, creating an incentive to dodge newly placed import tariffs by smuggling in product without reporting it to the customs authorities. We continue to believe that growth in Asian demand will be, at worst, zero, or, at best, at a modest rate of 2.5%. (2:30 PM EST) " ******************************************************** Seems we are in a period of ''selective'' buying on individual stocks - FGII, FLC, HLX look strong on decent volume - but what happened to EVI ? - closed up $2+ at end of day - drops $2+ next morning ??? I'm also surprised to see little movement in NE & DO after recent BUY ratings being issued - a sign that we are not yet quite bottomed out... hopefully no more than another 5% . Anyone attending the Investors Energy Forum in Dallas? - can any movement be expected with positive news from this particular conference ?

To: papi riqui who wrote (22980)	5/28/1998 5:48:00 PM
From: waverider	Read Replies (2) \| Respond to of 95453

>>before you go getting your knickers all twisted up and cutting off your circulation<< I wear boxers now. My doctor told me that tight undies makes one's gametes unhappy. But wait...I already have kids! Ah, forget it. If I sound a bit off, WHAT THE HELL DO YOU EXPECT, eh? I want a rig party and I want it bad. This damn correction is pushing it further out. <H>

To: papi riqui who wrote (22980)	5/29/1998 3:32:00 PM
From: jbe	Read Replies (4) \| Respond to of 95453

Fundamental analysis.... while necessary and important, is perhaps the most subjective tool one can utilize... You are so right! But do keep the "perhaps" in there. The problem with FA is not just that reasonable people can disagree about the definitions of certain criteria (thus introducing the element of subjectivity). They can also disagree about the relative weighting that should be assigned to even those criteria, the definitions of which are not in dispute -- let's call them "objective" criteria. I've played around with a lot of scans/searches using different FA criteria, and they tend to turn up totally different companies. For example, run a search for companies with high ROE, high ROA, high EPS consistency, and low debt. You'll get one list of companies. Then run another search, this time for companies with high EPS growth, low peg ratio, and low valuation ratios. You will get a completely different list. And so on and so forth. (I personally tend to buy the companies that show up on the most lists.) So, the question remains: which FA criteria are the most important in assessing any given company, or industry? And a second question: how can you be sure that The Market (whatever that is) will value what you think it should value? On the other hand, doesn't a similar situation obtain with TA? I'm no expert on this subject, but don't different indicators often give different signals (some saying "buy," some saying "sell")? I read somewhere that there is a third approach -- PA (Psychological Analysis). Anyone familiar with it? And who was it that promised to get back to me on Chaos Theory, as applied to the market? jbe