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.

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

To: Big Dog who wrote (39852)	3/14/1999 9:10:00 AM
From: MARK BARGER	Respond to of 95453

Dog, I have a portfolio full of FGI and assorted other OSX stocks. I'm holding for the time being. IMO the market knows it will take time before the oil price increase we are seeing will make it's way into the checking account of our favorite oil service cos. The market also realized 2 years ago that while earnings were still strong that the patch was going down and reacted 12 months ahead of the actual fundamentals declining. I think many are forgetting that the market discounts 12-18 months ahead. Most of these stocks are still only 30% from their recent "end of the world" bottom. Remember AMAT and NVLS both tripled in about 4 months while the semi industry still had negative book to bill ratios just on rumours that their business had finally bottomed. I think it will be tough to trade the stocks based on OPEC's moves. Good luck to all those who are successful. As for me, I am still holding. I see FGI at 20 by year's end. I rarely have time to post these days, but do enjoy lurking when I have time. Guys, these macho stock picking contest challenges are childish. I get amused at the thin-skinnedness around here sometimes. Sarge, you have been hot lately. I agree that sector rotation is finally taking place, and this sector is still a no brainer. Remember we are only still only 15-30% off of our bottoms, these is still a long way to go. The trend is our FRIEND now. MARK