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.

Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (6972)	1/29/1999 12:46:00 PM
From: MARK BARGER	Read Replies (2) \| Respond to of 14427

LT, drillers are already at new lows. the market is pricing in oil's obselecence. Just as you contend the overall market is waaaay overbought, I contend oil service is waaaaay oversold. But since no money will ever leave the high techs, there will never be any money rotating into the oil sector <ggg>! The oil patch has/is getting very lean and mean. They have weathered the storm well so far. For many companies, revenues are up in '98, something most semi cos. can't say. The P/E descrepancy between 2 cyclical industries like semis and oil service is unbelievable. The semis are in the midst of a big slump and they are at all time highs. The oil service is in a slump and they are at historic lows. Crazy market, I can't wait to see it all unfold in the months to come! Mark