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Technology Stocks : John, Mike & Tom's Wild World of Stocks
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To: John Pitera who wrote (1382)6/27/2000 6:00:00 PM
From: Logain Ablar  Read Replies (1) of 2850
 
John:

I can be totally off base here but a couple of reasons why I'm holding off on NG companies are two fold.

1) The really good time to buy was around 8 months ago (even 3 months ago) and while I'm always late to the party I'm trying to determine if we are in the 2nd inning or the 6th inning.

2) I feel the White House missed the ball on this. With the election season almost upon us Al Gore will have a very difficult time if gas, heating oil and natural gas continue to climb. At the least I would expect some jawboning action that can put a damper on some of the company stock prices.

So while I think were only in the second inning (hey we could be in the 4th and still make good money) in natural gas I'm looking for a pullback in late July / August timeframe. Now I'm only going from memory which can be wrong but I would think natural gas prices are weakest in late summer. This would be after the heat waves are over and before the fall chill is in the air. Now the pro investors will already be in by this time but the retail investor normally would be looking at the stocks once the media picks up on it (of course they are starting now, so the question is it already too late).

Just some thoughts.

Tim
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