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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Kerm Yerman who wrote (4866)	3/24/1998 9:59:00 PM
From: Doug	Read Replies (1) of 24921

Kerm/ Downside Risk Many thanks for your valued comments. I will agree the worst is behind us. By June,I expect WTI crude to hit the $17 level in time to catch the holiday season. My only concern now is to determine a strategy. Dollar cost averaging may not be the answer for a violent up today,down tomorrow type market. A buy on the dips and sell on the news may be more rewarding but I am not sure. Would appreciate your comments regarding a trading strategy for this whip saw oil market. Currently holding a mixed bag NEN,PCP,TLM,CNQ,AEC and AXL. Incidentally you were right about PCP which we discussed earlier. Its been trailing the pack.

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