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Politics : High Tolerance Plasticity
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To: Second_Titan who wrote (11351)12/30/2001 9:25:45 AM
From: que seria  Read Replies (1) of 23153
 
You're cynical! And not without reason. But it's the
content of the fund managers' arguments that matters, even more than their generally transparent motives in touting their (surely) existing holdings. I doubt any manager is thinking that a stock he holds and wants more of at today's prices is going to made cheaper by touting it to the press. I think he's right about those drillers in 2003 or maybe even by 3Q2002, but I'm with jim p on the sector. I'll only buy later because I believe:

Oil will get cheaper, substitution will be slight;

Gas in storage will be a constant drag on price this winter;

Demand won't pick up much in 2002 due to the economy, even if weather creates a 1Q02 blip;

Drilling, including developmental drilling of new or still-robust reservoirs in places such as Ladyfern, will add enough gas to offset depletion this year, when coupled with gas in storage; and given these factors

There's more money to be made elsewhere in the first half of 2002.

I bought back my covered calls, have dumped most tech shorts, and am ready for a tech rally in January!

Here are some I favor (own all except ITWO):

stockcharts.com|C|b14
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