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Strategies & Market Trends : Three Amigos Stock Thread

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To: Phil Jacobson who wrote (8895)9/19/1998 7:32:00 AM
From: Ditchdigger  Read Replies (1) of 29382
 
Phil, in the short term I'm bullish on oil prices. It is the opportune time for prices IMO. This time of the year homeowners are "locking in" their fuel oil prices for the heating season,without question it is in the interest to see prices rise now( and I believe the manipulation is under estimated). Combine that with the tropical depression sitting stationary in the Gulf,and many temporary shutdowns/evacuations on Gulf platforms. Then throw in hurricane Georges worry and IMO prices will rise. But then we should watch for the hedgemen/shorters shortly there after. DD
PS: on that note, since I don't burn oil or gas,it's off to the woodpile<g>.....We'll see what happens when the cold Winter winds start blowing down Wallstreet..or when Analysts realize,the worlds largest oil producer,Russia,can't afford the upkeep of their broken down energy infrastructure system,hurting the surrounding countries production as well..This weekends "Rags" ought to have many articles on the oil biz...
PS: great dictionary site for the spelling impaired like me..
m-w.com
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