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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: donald sew who wrote (29413)9/10/2000 9:07:34 PM
From: GROUND ZERO™  Read Replies (1) of 42787
 
Hi Don,

I hope all is well with you...<g>

I also think that any weakness on Monday is a buying opportunity in the U.S. equities, I took long SP positions on Friday's close but my stop is not far from here...

I think the crude oil and related energy markets may have over done the selling on Friday... I'm holding many long crude and natural gas positions now for several weeks with now deep in the money short calls against them and I plan to hold them for a while longer... I think traders were expecting an OPEC production increase of more than one million barrels... 800,000 will hardly do the job, and many of the OPEC countries have already reached their quota... it will take months for any new oil to reach the pipelines, and the crude oil distilate reports, released every week on Tuesday afternoon, are still very bullish with severe record shortages of less than 50% of last year's inventory... and to make things worse, the U.S. National Weather Service is calling for the coldest winter since 1978... the media can talk the energy markets down for a day or two and the OPEC meeting this past weekend might make good headlines for the public at large, but I think we could still see much higher energy prices between now and the end of the year.....BWDIK

My Best Regards,

GZ
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