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Strategies & Market Trends : Winter in the Great White North
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To: John Sladek who wrote (1222)8/7/2001 3:19:49 PM
From: marcos  Read Replies (1) of 8273
 
dnr.to - looks like it wants to give up half of its advance of recent days, could be a Fib number entry point, possibly ... a friend talks about this one, from around two years ago, likely holds it ... sure is traded thinly, top day for July was 12.8k and that was way above average .... which doesn't bother me a bit, in fact i think it might make the price discovery more based in fundamentals rather than on paper being churned by herds of momo players

On the whole oilpatch - is this a good time to start looking for candidates? ... there's been a nice retrace in some ... i missed the whole boom pretty much entirely, didn't have much in the market until they were all priced up high ... it's likely much more of a stockpicker's game now, you've got to be able to distinguish winners from losers, where a year and a half ago you could pretty much just throw a dart .... gas does seem a bet preferable to oil, so this is likely good planning imho - 'Natural gas represented 41% of the Company's second quarter
production on a BOE basis, as compared to approximately 24% in the second quarter of 2000. The Company anticipates that natural gas will make up approximately 50% of its production during the remainder of 2001.'

[edit] - Kerm is back - #reply-16165132 ... several thought-provoking posts starting there ... Richard Saunders i find interesting on that thread too ... couple of others as well
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