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To: SliderOnTheBlack who wrote (55675)11/30/1999 1:56:00 PM
From: John Doyle  Read Replies (1) | Respond to of 95453
 
Low number of posts - maybe fear. Fear is good!



To: SliderOnTheBlack who wrote (55675)11/30/1999 2:05:00 PM
From: Think4Yourself  Read Replies (1) | Respond to of 95453
 
You talked me into it. After updating XTO's production numbers for last quarter in my database it popped out as a screaming buy, with an impressive CFPS of 735. I picked up most of the ask at $9 3/4.

Also found this in a quick perusal of the 10K:

``We are extremely pleased with the results of the third quarter. Increased commodity prices and the purchase of Spring resulted in a doubling of cash flow compared to the second quarter,' stated Bob R. Simpson, Chairman and Chief Executive Officer. ``Importantly, additional production gains are expected in the fourth quarter due to our September purchase of additional Arkoma Basin properties from Ocean Energy and the success of our development program. We expect consolidated cash flow per share to exceed $1.00 in the fourth quarter.'



To: SliderOnTheBlack who wrote (55675)11/30/1999 3:32:00 PM
From: Roebear  Read Replies (1) | Respond to of 95453
 
Slider,
Joined the club and had to pick up some bargains UPR OEI and even threw a limit in for XTO. I am in rather heavy, FEAR, what FEAR (gulp, heh heh).
The charts don't recommend it right now, Gary B I don't believe did;
in fact I logged on today with the intention of selling a good bit as it approached break even to buy back lower. Now don't get me wrong, I don't trade a system so I'm not breaking my own rules. I do try and trade the charts, but there have been times lately when the charts have been calling for OSX disaster and it reversed.

Five things changed my mind
1 The tape, it just was not acting like I am used to in this sector. A gut feel on a gut check day.
2 It's Blue Tuesday, the afternoon to get the Blue Light Specials in the oil section at your local StocKMART.
3 Too much spin from the oil spin doctors, too much gloom and doom and too few posts here!
4 Most of all, the heavy traffic over the past few weeks and especially all holiday weekend, like I have never seen before. Our interstates here in Central PA are starting to hit capacity, while they build million plus square feet distribution centers like they are convenience stores, one on every corner. (How's that for hyperbole, heh heh).
5 It was the only way I could keep the contrarian me from shorting the market, instead I bought back some gold stock today that I had traded effectively (about half of it) last week.

Best of luck,

Roebear