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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Earlie who wrote (226018)3/6/2003 7:32:02 PM
From: Tommaso  Read Replies (2) of 436258
 
Hi Earlie,

I gave the market the death knell today because I actually sold 25% of my Prudent Bear that I had a 125% gain on since three years ago--in order to add to my load of natural gas stocks. So moving something from the short side clears the way for total collapse <G>

Sometimes we just have to make a sacrifice to the market gods <G>

Because so many producers and drillers got burned by jumping in too fast two years ago, and because of the very cold winter, the US and Canadian governments may have to impose natural gas rationing come next fall. A crash program to build a pipeline to Alaska or to the MacKenzie Delta might bring more gas down in few years, but I think energy Armageddon may almost be here. And I have not been a catastrophist on this subject until recently--indeed, last December, I was very skeptical. But the shortage is building very fast now.
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