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To: enervestor who wrote (57773)	1/3/2000 12:50:00 PM
From: SliderOnTheBlack	Respond to of 95453

Anyone smell a good ole fashioned shakeout here ? Hedge Funds know Institutional traders at first day back to work will be looking to API's - will they continue to draw down, or will the Y2K build soften the demand impact ? I think Hedge Funds saw no major institutional buying here - saw yet another opp to lay on the short side against no resistance today & tomorrow . Institutions love it; as they get a "free peek" at the API's this way - guaranteeing they dont miss the train. IF API's dont show a draw - we could have some trouble... Watch all the OPEC "cheating" spin doctoring come out of the woodwork. We could see OSX much ,much cheaper quickly imho as most stocks are well off of prior support levels and dont have the fundamentals here. Some E&P's like EOG NBL UPR are approaching nice support levels where I am a buyer. Could get a real nice window of opportunity to buy in very very cheaply into the E&P's for another coiled spring breakout like last spring imho. I just see a low volume short selling shakeout here; but, if we get an API draw against the Y2K build - WOW ~ Going to be an interesting couple of days. Fwiw: sitting & waiting for : UPR $11 7/8ths EOG $15 7/8ths NBL $19 7/8ths OEI $ 6 7/8ths & chase 'em all down on 5-7% moves down further. allready loaded with XTO - anything near $8, or a break under and it becomes a high margin leverage play for me - see a chipshot sooner, or later back to $12-thats a margin double. Nothing in OSX land looks like a gift on a silver platter imho - waiting for FLC $11ish, GLBL $6 7/8ths - allready got VTS $13 1/4 last week - only svc co I bought of late large... Nat Gas over $2.30 is higher than when NBL traded at its 5 year high - now close again to its 5 year low... that's an anomaly - simply too cheap there.