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


To: gizelle otero who wrote (1277)3/7/1999 8:03:00 PM
From: Gary Clarke  Read Replies (2) | Respond to of 2282
 
What are you buying now? Looks like a market turn around may be close.



To: gizelle otero who wrote (1277)3/8/1999 10:04:00 AM
From: Robert Douglas  Read Replies (1) | Respond to of 2282
 
gizelle, re:

I try to "be the crowd" in today's market. My days of buying a stock just because it was undervalued produced nothing but a portfolio of perpetually undervalued stocks.

Strange, I have had just the opposite experience. Every time I try to run with the crowd, I find myself going where the crowd has been. Crowds mostly leave trash and smashed grass in their path. On the other hand, I have had good success buying smashed grass and holding it until it sprang back. By the time the next crowd tramples on to the scene, I am usually gone.

I believe the oil-service stocks have been trampled by the market recently but will spring back one day in the future. Here's hoping they just aren't trash.

-Robert