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

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To: energyplay who wrote (19447)	3/3/2003 5:39:36 AM
From: White Bear	Read Replies (2) of 206325

Someone said in the last few days that management should be terminated if they hedged in this environment I’ve owned a few small businesses. Forward contracts allowed me to know a little about the future, which was more, then 3 months away. The banks liked them ( I was always in debt) ,I could always plan ahead, my best asset(my employees were safe) I could always buy out the competition because I had the backing and thus I could grow at my own pace. There were days that the old economy was up and days when it was down. I hardly noticed and my people weren’t scared of loosing their jobs. We realized the old American dream and guess what….. Those folks that I did my hedging with ended up as my partners in crime. They were profitable as well as us. In a way my customers were my partners. Go figure….. Jim Like I said ….it was always small business and not the oil business.

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