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Strategies & Market Trends : 50% Gains Investing

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To: Dale Baker who wrote (22158)	10/26/2000 12:26:12 PM
From: excardog	Read Replies (1) of 118717

Dale Sorry it so long to respond looks as if your a night owl. As far as upward movement in the energies if the pattern of last quarters earnings reporting is any indication one would expect things to start moving come November. The stocks were very weak in July 00 but made several new highs in August. They seem to be trading at this point in time the same way. I believe you have a driller in your stable and I'm of the opinion going forward that you made want to shift some of your energies more heavily towards that sector. The grim reality is that demand seems to be out stripping supply and logic would dictate more drilling going forward. The major oils have yet to raise their budgets but there could be a mad rush to spend soon. They appear to be awash in cash at this time but have been slow to open the purse strings. Another interesting play in this area is GRP. Throughout the weakness in the OSX index this stock seems to have held on relatively well. They are involved pipe and other supplies for the drill bit. Year over year earnings expectations are much higher. It also has a large institutional following I believe. Hope all is well.

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