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

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To: Big Dog who started this subject	7/16/2004 6:09:45 PM
From: quehubo	Read Replies (1) of 206124

Whew, I guess I should not have sold half of my remaining PTEN calls towards end of day. With Greenie spouting off bearish nonsense odds are we will do what the charts are indicating, rise much further. I put some margin to use doubling down this morning on PXD <$35 and I see it broke free finally. MVK busted loose today and I wish I had much more. It certainly appears investors are not going to wait any longer to jump on the oil story before the normal Winter run up. I dont think many will care if NG goes for $3 on spot markets for a few weeks in October/November. If one has to burn NG or #2 oil in December the prices of #2 oil will be the price setter for NG. With global oil demand set to meet or exceed global production capacity this Winter I no longer think Summer injections will be much of an influence on equities, unless the injections get really wild.

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