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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Lee Lichterman III who wrote (6307)4/25/2001 12:45:37 PM
From: dawgfan2000   of 52237
 
OT

>>I think it is sadly humorous that everyone is mad XOM et al are making profits here and are being accused og gouging when no one cared they were all losing money and about to go under when gas prices were low a few years ago.<<

Sure Lee, that about sums up how I feel about raising income taxes too. I mean, the governments are entitled too, right? -g-

>>People seem to forget these are businesses, not charities<<

I would submit that most investors forget that as their portfolio rises, we have all been holding the bag as consumers who spend the money at these companies, buying their products, increasing the profit line. I guess the price gouging would be more evident if the pump price was still increasing back when crude was dropping below $15/barrel.

I certainly don't begrudge any company their profits and XOM sure nailed their merger with Mobil. But I am not naive enough to think that there is adequate manipulation in the oil business too.

cheers,
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