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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: GREENLAW4-7 who wrote (18767)	2/23/2003 8:57:11 AM
From: Frank Pembleton	Read Replies (2) of 206107

Greenie... I'm a bear here too. There isn't an oil executive out there that wants to rubber stamp a huge exploration budget, at least not with the perception that crude will be trading at half the price that it is now. As for the demand equation-- let's see how a constant $60 oil/$10 gas attracts customers. It'll shrink economies until it becomes priced "right." IMO, this sector dead money at best. For me it's been worse, seems like every time I decide to take a small position I get quickly stopped out. I've tried to be bullish but I can't afford to be. Regards, Frank P.

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