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

To: thomas hayden who wrote (36961)	2/6/1999 10:48:00 AM
From: marc chatman	Read Replies (1) \| Respond to of 95453

<<For FY1999 they are looking for a $1.00, and that takes into account they have already earned $.60 last quarter. For FY2000 they are looking for $.85. The 12 month target is $16.>> Damn, looks like VTS is dead money for 1999. <G> That's only a 40% return. No wonder they downgraded the stock.

To: thomas hayden who wrote (36961)	2/6/1999 11:53:00 AM
From: JungleInvestor	Read Replies (1) \| Respond to of 95453

VTS is my favorite stock in the oilpatch (43% of portfolio). A rise to 21 in 18 months is an excellent return - I'll take that!

To: thomas hayden who wrote (36961)	2/6/1999 12:25:00 PM
From: Gary Burton	Read Replies (1) \| Respond to of 95453

The trouble with these types of forecasts is that they are based on what one CURRENTLY sees out there (ie down, down and more down) and are probably not based on much speculation of what the new future crystal ball may look like 6 months from now. So, in effect, all such forecasts are useless in part because in most cases stock prices have already dropped to reflect current forecasts. Another way of saying that FA and earnings forecasts should probably be taken with a grain of salt. Instead study the charts as to what investors are DOING and how MOMENTUM may be changing as the trough in stock prices gets closer or has already passed. I used to listen all day to CNBC. Now, for the most part, I turn it off as I find I am much better able to make decisions without the usual herd mentality.