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Gold/Mining/Energy : Global Santa Fe (GSF) (formerly Global Marine) -- Ignore unavailable to you. Want to Upgrade?


To: stockid who wrote (1156)2/2/1999 11:16:00 PM
From: Stitch  Read Replies (1) | Respond to of 2282
 
StockKid,

The post you list in your last is an apt analysis except that I do not see a pop in this one for the time frame mentioned except for an unforseen force coming into play. There could be some sector switching to buoy things a bit. But there are many sectors that are undervalued now and I agree that there will be some increasing worries about internut valuations. But I also expect technology stocks to post decent earnings in the next round of reports. All in all I really think this is an "accumulate" pick.

Thanks always for your great contributions. Very helpful.
Best,
Stitch



To: stockid who wrote (1156)2/3/1999 12:05:00 AM
From: Fredman  Read Replies (1) | Respond to of 2282
 
your response #2 makes me sick: i've heard the double-bottom, triple-bottom, quad-bottom, quintuple-bottom, and about every other EXCUSE for a 'bottom' you can imagine, and your response #3 - as you would say - 'Duh' - do you think they would forecast a loss well before it (would) come out on an annual or quarterley report ? Think about it - 'uhhhh, yeah, we foresee a loss in the 2nd qtr of this year'. Gee, what would predicting a loss 'before its' time' do to the stock ?
will they post a loss ? i doubt it, but...... I personally don't know what it takes to run an Oil company, and i don't expect any of us on this thread do, either.
GLM IS a great buy - even at 8 3/16, as the upside potential far outweighs the downside potential, but i do expect to see mid-7's, but like all of you, i could be wrong.
The big question is, do you want to tie up capital here, or swing for a homerun on another (tech) stock until the OSX turns back around ??
Just my opinions, of course.