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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 685.66

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Dec 5 4:00 PM EST

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To: Les H who wrote (59301)	9/22/2000 8:03:37 PM
From: Haim R. Branisteanu	of 99985

Les that is one of the biggest scams engineered by an government. this is why I want to buy crude from the government but I want to pay cash and get delivery now as I can do in Rotherdam for example right?? Wrong!!!!!!! The department said it would ask for bids on Monday, with companies required to submit their bids by Friday. Awards of the crude oil will be made on Oct. 2 following negotiations with the highest bidders, the department said. Now if I want the crude now I must bid and hedge ---- sell Crude futures as delivery is only after November 1. The net effect is pressure on crude oil futures nothing else. Just wonder how the market for heating oil will recover at a time there is amply supply on the sea but shortage in refinery capacity. Haim

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