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: Big Dog who started this subject	6/25/2001 11:13:56 AM
From: excardog	Read Replies (2) of 206223

jimp and dabum3 thanks for your comments I'll respond. First Jim your pumping some gas I presume let me ask you are you pumping as much as possible from your wells? Have you done anything to increase your output? Are you doing any drilling and if so what level of success are you finding? Jim pretty sure you'll agree that rather than buying the OSX or XNG basket we are purchasing individual stocks and as such some individual stocks will do better than the XNG , just as some will do worse. Looking at OIL or LOILY for example. They have done better than most in this sector over the past 30 days and maybe better than the market overall. Positioned properly one could have made money invested in E&P's lately, no? Same would go the oil service side although the list narrows each day. BTW to just hap hazardly recommend shorting a gas producer is kind of like playing Russian Roulette don't you think? Could you please be specific on those you are short or are considering shorting. Short HSE or BRR could have been very painful. Short BR in here could end painfully for those that might try. Also could you explain what level of return you would be looking for on the short side and what your time frame on these trades might be. TIA dabum3 I'm pretty sure we are all aware that consumer debt is considered high. Yet declining interest rates should be beneficial, no? What I find more disturbing is the debt of the telecoms that has found its way into nearly all these money market funds. Really kind of scary. But I don't think for one minute Greenspan is going to allow some sort of wholesale bankruptcy of this debt, it isn't going to happen. So liquidity is there right now, Fed continues to ease and this debt will somehow over time be allowed to wind itself out. IMO it's telecom that's in recession or maybe even depression and this will take many years to work itself out. In the mean time I've still got to try and make a buck here and there. Energy has been my focus over the past two years and will remain so. Will the markets go up and down, of course. Year to date I'm up mid 50% not great but okay. June has cost me some year to date gains but I remain optimistic based upon these rate cuts etc. Needless to say my outlook is less gloomy than yours. Hope I'm right and your not. Of course I'd really prefer we both won. I see the glass half full you see the glass half empty. Such is life. Now off to Home Depot. Scott

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