Big Dog's Boom Boom Room Message Board

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

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To: Timelord who wrote (846)	4/30/2001 4:21:05 PM
From: chowder	Read Replies (2) of 206092

Alex, I noticed quite a few bearish charts in energy this weekend. Most of them needed confirmation today. I closed out most of my energy positions. SU is the only short at this time. I'll be looking at the charts tonight for additional opportunities. Cheryl Einhorn put a damper on things today with the announcement that oil inventories are up 19% from their lows and energy prices are coming down. If we get even slightly bearish API's and AGA's, I look for others to take profits. I did buy ROIL today and I am up over 4%. I'd like to sell it right here, right now, but the damn spread is too far apart in afterhours. I hope it holds until tomorrow's open. Thanks for the heads up. dabum

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