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Strategies & Market Trends : Strictly: Drilling II

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To: gold$10k who wrote (5642)12/20/2001 1:05:18 PM
From: isopatch  Read Replies (2) of 36161
 
THREAD. Expecting lot's of gasser volatility

to provide excellent windows for position building in the NG producers in the next 10 days.

1. Some will warn on 4th qtr earnings.

2. More important. Like turn of 98-99 year, lower NG prices = big drop in proved reserves for all companies. Buy those down spikes aggressively.

3. OPEC game of chicken with non-OPEC can always bleed over to the NG markets to some extent if there's a public dust up to try and get the troops in line and push non-OPEC production cuts to 500k.

4. Last minute tax selling by individuals that dominate trading in smaller issues varies widely from one stock to the next. All we can do is stay alert here and do our best to grab the gifts bag holders (who've held all the way down from Jan or the "June Swoon")<g> are ready to capitulate and sell to us as yr end looms.

3. An old Iso fav that I loved to take advantage of. Coined the term "pooper scooper" to describe MMs running the sell stops so they can load up their inventory. You best believe they as well as the other old pros out there know NG stocks are in count down mode for powerful weather in Jan and probably SOONER.

BTW, nice work on those initial entries vt. No way I'd wait till the last minute to get started accumulating for this move, folks.

Really busy again today. Will try to post later.

Live long and prosper,

Isopatch
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