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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Big Dog who wrote (247)3/29/2001 5:18:04 PM
From: anyer  Read Replies (1) of 206338
 
The Dog may see improvement starting tomorrow.
400,000 and 300,000 share blocks of APC at uptick in last 5 minutes. Mutual funds hoping for this so they can buy; it may have just started although I didn't see anything else of note. Tomorrow is last day of qtr.;if they are going to come for them it should be starting.

The street is obviously manipulative and I believe dishonest. Peter Lynch comes on and says earnings drive the market. SURE; they didn't drive the .coms and they aren't driving the energy sector. The street must have an inate dislike for energy companies.

The one big positive I see is the tremendous cash flow which should be used to retire stock and debt. Drilling should only be done to replace existing reserves; not to cater to the whims of Wall Street. That is if the execs care about their shareholders. The street assumes that over drilling will cause the companies to shoot themselves in the foot as they always have in the past.

Plug in that old TV and when Peter Lynch comes on and talks about earnings driving the market, think of the moonshot .coms with no earnings, next the E&P stocks with the best earnings going nowhere; then pull out your 20 gauge and give that liar the message we can't give otherwise.

Regards,

Anyer
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