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Strategies & Market Trends : Strictly: Drilling II

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To: Douglas V. Fant who wrote (4495)11/27/2001 3:52:51 PM
From: SliderOnTheBlack  Read Replies (3) of 36161
 
Doug ["climb onto the ENE bandwagon and make a quick 20-30% short-term on your money"]

...man; I just have to pass on ENE.

I like to sleep nights (vbg).

Too bad they don't have options in the single digits for ENE - this would be a great straddle play - as it "aint" staying here... it's going to make, or lose considerably more than 30%%...it's just a toss up as to which direction it moves & moves big.

But I did grab a little bit more KGC at .66 and a 30% pop is just a move back to .85 cents... that would have to be my best risk vs. reward quick +30% trade pick today... Kinross Gold.

A couple of Fed govenors had less than rosy comments on the economy today... lots of short opps out there off this faux move... but, I'm patiently waiting for the "BIN LADEN" rally and that will be the one to "nuke" short.... bank on it.

This BEAR is absolutely still alive & well.

I still see:

DOW 6-7000 & NAZ sub 1,000 and the HUI moving up 50% from here - at a minimum.... in a 9 to 18 month timeframe.

Argentina, Japan, Terrorism, US Debt & Credit Quality Crisis and the train only being pulled by a tapped out US Consumer that is setting deliquency, default & bankruptcy records - and those that can pay on time; have a negative savings rate...the US Dollar & Real Estate are still bubbles remaining to deflate... tic toc`

Rubin & Greenpimp will ultimately go down in infamy...
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