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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: articwarrior who wrote (55907)	12/2/1999 4:03:00 PM
From: articwarrior	Respond to of 95453

ALERT....CHK.....Jumped to 3....

To: articwarrior who wrote (55907)	12/2/1999 4:28:00 PM
From: SliderOnTheBlack	Read Replies (4) \| Respond to of 95453

CNBC: David Faber saying many traders worried here about overall market "frothiness" One stock mentioned to me today was Juniper Networks (?) - I don't follow tech "closely" - Juniper, or Jupiter ? - up $20 some dollars today to about $230+ is the stock that was used as an example today fwiw... going to be a short target here shortly, irrational valuation - daytrader pumped etc. I'm only going to say this; the person I occassionally get to speak to - is a "savant" (VBG); and is said to have one of the best handles and the best "ears" on the Street on this present market of nearly anyone. David Faber's comments on "FROTHINESS" are coming from the same sources - virtually everyone ! I was told - " that with the nervousness over this market - you would think we were sitting on DOW 15,000 just off a 2 week 4,000 point move, or something..." Here is the play: Stay long crude - thru $30 Go Long NG futures anytime here - preferably on a dip, off of warmer New England weather - maybe the last chance in the coming week ? Cover Oilpatch shorts & go long Short NASDQ & DOW Gold - may be worth a trade off of weakness & into a Y2K sympathy play to the DOW/NASDQ selloff Made sense to me fwiw; I'll just take the "go long the Oilpatch stocks" however... allthough a short timeframe trade on Gold stocks on any substantial weakness here may be of interest... allthough; shorting the NASDQ into downward momenteum looks enticing - but, I'd rather have the risk & the cash in being long & leveraged the oilpatch. Artic; BR is a solid play;but I don't own any BR, but have a solid position in and am still buying NBL strongly here. I like NBL's cfps valuation metric - the huge increase in cap ex spending coming and BR has some assimilation on Poco to deal with... I merely like NBL better. In order, UPR NBL OEI PXD XTO FST fwiw PS - as I am typing; Merrill Lynch's Chief Quant' Analyst appearing on CNBC, just added fuel to the fire; on the subject of the "frothiness" & overbought nature of this market" and touted Cyclicals - he's bullish as hell on the oilpatch by the way... technically & Merrill is bullish & about ready to pound the drum bigtime on Oil... People; their is about to be one hellacious rotation of major money in the market - and just sit back and watch where it goes - bank on it. I am 110% on the money on what is coming here... Pick your ponies & mount up - just beat the crowd to the party; cause they be coming & it's gonna be a big one...