Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Roebear who wrote (10560)	4/9/2002 6:10:47 PM
From: isopatch	Read Replies (1) of 36161

Crude up 4.3 mil bbls vs expectations of 3 mil rise. cbs.marketwatch.com Glad I sold a lot of energy stuff last week, and before. As you know from PMs, even sold large PQUE position yesterday for a very good ST gain (since pur in late Feb). Wish I'd held CRK longer, into the 8s. But, with a very good ST gain in that large positon, as well, I've no right to complain. Overall, the run from late Feb till last week produced the biggest energy gains I've booked since 2000. Even better than the strong gains booked from the week before Xmas through 1st wk of January this year. From 15% to 50% cash is a very large portfolio swing for me in 10 days. But the $$ is looking awfully good right now vs lower prices in PDE, TESOF and many others since bailing out. Some of these OSers are already down quite a bit in just the past few trading sessions. Might nibble on a few ST reloads if they really go into the bag tomorrow.<g> Isopatch

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