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

To: GlobalMarine who wrote (1275)	3/6/1999 8:58:00 AM
From: Robert Douglas	Read Replies (1) \| Respond to of 2282

Rand, gizelle: Thanks for your comments. I think you are both right. The fundamentals of this business are not likely to turn on a dime. It will probably be a process that will unfold over a year or two. How the stock market reacts to small changes in fundamentals may be quite another matter. Just a few days ago I placed an order for DO at a full service brokerage firm where I get some excellent research. The broker, who for some reason is interested in my opinions, <g> eagerly questioned me on whether now was the time to jump back into oil service companies. It seem he has recognized the potential and has been afraid to "catch the falling knife". I believe there are hordes of investors that are waiting for the perfect moment to re-enter these stocks but are scared by the price action. As soon as the fundamentals stabilize, I think you will see a torrent of investment. This is why I believe it is folly to wait too long unless you think you are smarter than the crowd. I know I am not. -Robert