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Gold/Mining/Energy : Games Trader -- Ignore unavailable to you. Want to Upgrade?

To: John Paquet who wrote (1146)	9/13/1999 4:00:00 PM
From: goldsnow	Read Replies (2) \| Respond to of 1239

Now John let me give you my perspective on the very valid points you outline....Accumulating is not bottom-fishing, you establish position, set guidlines (if you like the stock) and double or get-out if you wrong) Individual stock is o'key to lose on, never o'key on portfolio..so if ESX does not pan-out..not a problem perhaps my portfolio would be up not 150% but 140% that is o'key....same for selling never all at once, unless good reason (crushing market is an example, but you should have sell limits orders set for all your huge winners anyway, at all times

To: John Paquet who wrote (1146)	9/13/1999 4:00:00 PM
From: John Paquet	Read Replies (1) \| Respond to of 1239

Yahohohhohoh!!!! GTR down $4.65 bid $4.61 97,000 shares. When Mr. John Paquet talks, Market GTR listen. GTR down she goes to $3.50 m and much lower as promotion is done, good nood news were out market will get tanked. Simply by watching the chart of GTR chart.stockwatch.com As GTR is unable to break that $4.75, despite so many good news, and promotion and refinancing, GTR not even trying to touch that $6.15 the old hi at all. This indicates GTR is very very bearish, it indicates a sell signal and sell aggressively. And I am not kidding at all. Raisinf cash awaiting October 19,1999 is the best strategy as far as long term or short term is concerned. Go figure, folks. John Paquet Nasdaq down more than 40 points, Dow down more than 3 points, oil price 32 months high. He is back.{Mr. John Paquet} Edit Dow closed +1.26 GTR +.01 at closed.

To: John Paquet who wrote (1146)	9/13/1999 8:39:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 1239

Jeddah, Saudi Arabia, Sept. 13 (Bloomberg) -- Oil ministers from Saudi Arabia, Iran and Algeria said production cuts should stay in place until the end of March. The ministers, Saudi Arabia's Ali Al-Naimi, Iran's Bijan Namdar Zanganeh and Algeria's Youcef Yousfi, met in Jeddah, Saudi Arabia, to discuss oil policies before the Sept. 22 conference of the Organization of Petroleum Exporting Countries in Vienna. Saudi Arabia and Iran are the two biggest producers within OPEC. Ten of OPEC's 11 members, plus several other producers, have reduced output by about 7 percent of world supply, contributing to a doubling of crude oil prices from a 12-year low in December. ``The Iranian and Algerian oil ministers share (Saudi Arabia's) view on the importance of continuing the current production cuts and showing full commitment to them until the end of March next year because the world oil stockpile is still high and hasn't yet retreated to its normal situation,' Naimi said in a statement reported by the official Saudi Press Agency. Crude oil futures for October delivery rose 66 cents to $24.21 a barrel today on the New York Mercantile Exchange, up from crude's low of $10.35 in December. ``There is joint satisfaction by the three ministers over the improvement of oil prices over the past few months,' Naimi said, crediting full commitment from OPEC and non-OPEC producers to restraining oil output. With the big gain in prices, traders and analysts are watching for signs that OPEC may be wavering in its commitment to maintain the output cuts through March 31. No Boat Rocking While the statement from Naimi carried particular weight, because Saudi Arabia is the world's biggest oil producer, it followed similar pledges of continued support for the production cuts from other OPEC members, including Venezuela. ``They are not going to say anything to rock the boat,' said Craig Gile, an energy derivatives trader at Citibank NA in New York. ``If, say, you see $30 crude oil by November . . . If they felt (prices) had reached the point when they need to turn the faucets back on, they would do that, but are they are not going to say that now.' Yousfi, who also is the current president of OPEC, was in Jeddah after meeting with other OPEC oil ministers in Abu Dhabi and Kuwait. OPEC's 11th member, Iraq, isn't participating in production cuts, because its output is regulated by the United Nations. -------------------------------------------------------------------------------- ¸ Copyright 1999, Bloomberg L.P. All Rights Reserved.