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Gold/Mining/Energy : Games Trader

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To: goldsnow who wrote (730)	6/22/1999 8:09:00 PM
From: John Paquet	Read Replies (3) of 1239

If you nwatch energy stocks, The way I look at is that crude oil price action and that OXI or TSE Oil and Gas index. I was a bit bearish due to these few days oil can not break up that $19.00, and OXI can not break that 530. Instead oil went down to $17.37 and OXI went down to 506...etc.. VLV I could conclude that to break that $5.00 seems unlikely unless VLV small mid-cap has some new discivery down the road. Otherwise, my trading strategy [again very shorterm and only apply to my own, NOT to influence your own thinking ] I would sell that VLV right at that $4.85-4.95 area and use that working capitals to buy whole bunch of SKG at .24-.25, John Paquet

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