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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (120319)12/27/2000 9:01:20 PM
From: ED_L   of 120523
 
Now that coal companies (ACI et.al.) have started to move the next set of stocks to follow that trend should be those companies in a position to convert natural gas and oil fired plants back to coal. One that comes to mind is Washington National Group (WNG) that now embraces the old Westinghouse and parts of Raytheon. WNG looked strong at the close today - a day when some are warning that there may not be enough natural gas to last the winter (see:http://cbs.marketwatch.com/news/current/futures.htx?source=htx/http2_mw ). PS. it was noted on another board a few weeks ago that a company in Canada that had a $120,000/mo oil bill switched to coal and dropped their bill to $40,000/mo. Conversion cost (as I remember it) was ~ 60,000.
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