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Strategies & Market Trends : Three Amigos Stock Thread

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To: Ditchdigger who wrote (19934)	5/17/2000 6:47:00 PM
From: Sergio H	Read Replies (1) of 29382

Ditch, Lucky, RCJ and natural gas players....first of all, YEEHAW!!!!! From TRADINGMARKETS.COM: <Natural gas surged in the final hour of New York trading, rallying after a report by the American Gas Association (AGA) showed a weak build in storage levels and on heightened concerns that a hotter-than-normal summer will create supply shortfalls. Wednesday morning's Futures Pre-Opening Natural Gas Outlook pointed out that "the bull trade is serviced by the long-term weather forecast and by the anticipation that AGA stocks injection will be less than estimates." The June contract (NGM0) has been a regular member of the Momentum-5 List and soared 6.7%, or .232 to 3.680. Wednesday marked the natural gas market's eighth consecutive day of gains. The rally also marks the fourth time this decade that natural gas has spiked above the 3.500 level. In each of the three previous spikes, nat gas fell precipitously in following weeks. > My own opinion is that we can't expect natural gas and natural gas stocks to continue rising every day. While some profit taking is due, we're still in an early period in the rally and will continue to hold AE, CHK and my natural gas fund. Sergio

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