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: marc chatman who wrote (26187)	7/22/1998 10:26:00 AM
From: tdl4138	Read Replies (1) \| Respond to of 95453

The valuations in this sector are becoming more and more ludicrous...but it doesn't seem to change the fact that the trend is to go lower.. Just be glad these companies are posting some damn good numbers. Imagine the valuations if they were turning losses... The buying opportunity...somewhere down the road.. will be absolutely awesome. In the meantime I would advise to hold cash and watch in disbelief. To"nibble" seems to be a futile money losing effort. At least it has been for me. Sooner or later someone will realize the world still needs oil...a war will break out...or something totally illogical will happen that somehow becomes a buy signal for energy...In the meantime...its deadly to try and call a bottom. When it gets here I think we'll all know it....