Re-print from message No.6047 of 4/16/99 to EzGreen
Next resistance at 4.50, then 6.00, should be duable.
Pay no attention to earnings, the internet stocks sure do not, why would this be different..?.
"Current earnings of PKD reflect the past, the slow down due to the lower commodity prices, and not the present positive price of oil. Forget about a buck-a-gallon for gasoline, that was Disneyland. As internets, etc. correct the money flows to other sectors, the Dow large caps are close to their historical P/E highs, with some exceptions, not much stands to be made there. The market is finally improving due to rotation in to stocks like PKD, the big bucks will be made here now, not on the ones of yesterday."