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

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To: Ed Ajootian who wrote (28783)	1/7/2004 6:27:25 AM
From: quehubo	Read Replies (1) of 206325

Ed: Thanks for the tip. I will keep my eye on REM. It certainly has not moved much all year, maybe its time has come. I dont mind small positions with near term calls. I rolled my WFT Jan 35 calls yesterday after a 50% gain into Feb 40 calls. I think WFT has an easy 10% gain here to catch up to its peers multiples. The extremes in the weather seem to be moderated, but the 15 day forecast is sill all below normal. The above normal weather along the major northeast cities is gone today so no we will see what the daily pulls are per Robry. NG futures are trading on parity with #2 oil still here. I think this is very significant riding the ceiling as it indicates real scarcity. If the weather holds and storage looks like it is targeting too low sa <900 bcf maybe we get higher to encourage fuel switching. I imagine yesterday's spot pricing was well high enough to force fuel switching to #2 oil. WHo would be foolish enough not to have bought their Q1 fuel ahead? I imagine the spot market now will be for peak generators, when needed that should drive NYC area prices over $100 MWHR.

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