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To: cherrypitter who wrote (48692)7/31/1999 5:09:00 PM
From: Gary Burton  Respond to of 95453
 
Richard-I saw that article this morning and thought to myself "well I 'know' the OSX is heading to the mid-60's but I didn't know what was going to cause it..this may fit the bill" --an excellent example of 'we'll find something out there to make sure that EW wins out in the end' as 'news' follows chart patterns rather than leads, contrary to what many people think....Now about the 2 gas E&P's I still have. I still think they're going higher, regardless of oil inventories.



To: cherrypitter who wrote (48692)8/1/1999 11:31:00 AM
From: SliderOnTheBlack  Read Replies (1) | Respond to of 95453
 
Cheyrl Strauss Einhorn now has ZERO Credibility in my opinion !

per the Barron's article. She was the original Oil Bear - then jumped on the bandwagon, pounding the drum on this OPEC led run up - and now has done yet another 180 degree spin.....

What a Joke !

... does she ever have an original thought ? - or is she just an easilly manipulated pundit-mouthpiece for the Street; easilly able to be ''spun'' in whatever direction the powers that be choose to pursue...

...and this has nothing to do with her being a ''woman'' - so save the barbs - okay...

What is true; is that we may indeed have a technical correction in Oil Prices ( but not Nat Gas !) due to the degree of speculative investors who are long crude futures versus the actual players who use crude products. This factor alone - historically leads to correction. But, the fundamentals are strong and getting stronger. With Asian demand looming as an incredibly powerfull catalyst; if OPEC maintains production quota's - the future for crude prices is extremely Bullish; any temporary corrections aside....

my 2 cents .

$lider

PS - Go Gas !