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To: cherrypitter who wrote (48493)	7/27/1999 9:46:00 PM
From: double-plus-good	Respond to of 95453

Richard, I find some cause for concern as well in this frustrating sideways trade. There appears to be a ready supply of buyers, however, for all things energy. Only the buying is controlled and not aggressive. As a result we are stuck. The wall of worry know confronts us. I am sticking to my trading plan which calls for patience with the enp stocks. NG at 2.55 is pumping right into the bottom line. The stocks may not be going up, but with each passing day their balance sheets are improving. Only two weeks ago NG prices were in the 2.20 range. ENP stock prices have hardly moved and in many cases have slipped but the fundamentals for these companies continue to improve. It would be going against my trading plan to reduce my enp positions. You may well be right in deciding to lighten up, as the prospect of a market downturn will effect the patch as well. I know one thing for sure, though. The moment I dump an enp position the stock price will gallop ahead. ++good luck

To: cherrypitter who wrote (48493)	7/27/1999 10:34:00 PM
From: Fun-da-Mental#1	Read Replies (1) \| Respond to of 95453

Rich, I know what you mean, but if you look at particular stocks, rather than the sector on average, some are profitable, and some have doubled in the last 3 months - you won't get that kind of performance investing in blue-chip stocks. I don't see why you favor the majors, they're way less volatile, and when the trend is up, volatility works in your favor. Buy bargains now! Fun-da-Mental