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


To: upanddown who wrote (24074)6/14/1998 3:08:00 PM
From: NucTrader  Read Replies (1) | Respond to of 95453
 
Hey, John! Where's your sense of humor !? You've given a very well reasoned FA of the situation in the drilling and service sector. But it's all OLD NEWS! Barrons made the point this weekend - the bad news about this sector is already out, and [?] already largely discounted in the stocks prices [that remains to be seen]. If you're afraid to play here, trading, long term, short term, whatever, try ASND, at a PE of 100. IMHO the earnings of these stocks can take a hit and they'll still look like value plays compared to the rest of the market.