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

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From: energyplay	9/28/2004 3:40:05 PM
	Read Replies (4) of 206085

I think this oil price is a temprorary top - otherwise, price would blast through $50, instead of putting one toe over the line. There are a number of tankers which could not unload because of recent weather, and this "mini-wall of oil" will push down the temporary shortage. I think we will drop back to around $45-46. I have sold about 25% of my E&P positions, expecting a pull back. I 'm still WAY overweight. Sold some TMXN,TRGL,TMR, some GASE, ATPG - expecting a 2-4 day pull back. One Risk is October is a new quarter & month, with new money comming in which should head towards energy stocks.

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