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Re: Knowledge is King post# 6142

Monday, 03/07/2005 10:23:30 AM

Monday, March 07, 2005 10:23:30 AM

Post# of 173813
"...anybody else tired of natural resource plays on this board?"
I believe that in the "big picture" here that the natural resource companies may be going through a "paradigm shift" in market perceptions and valuations. This could be a BIG year for them.
Whereas all the "hot money" was chasing technology/internet biotechnology junk a few years back and applying insane valuations...in the "new paradigm" I believe the valuations that will be placed on natural resource companies will surpise quite a few at how high they go. In the same light, I believe technology company valuations will decrease to single digit P/E's over the long term.
Stay long natural resource companies/ get short overvalued technology companies.
JMHO.

Rogue




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