Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ItsAllCyclical who wrote (59896)	2/7/2000 1:27:00 PM
From: ChanceIs	Respond to of 95453

Iraq responsible for recent API draws.... I theorized that the last two API draws were due to the three week Iraqi shut down Nov/Dec '99. I expected the effect in early January however. If I am correct, this would be the last week affected by the shut down. Iraq sends some 800K BPD to the US. Hence that could pull the API down 5.6MM barrels. Wait and see. Keeping my fingers crossed. By the way, I paid $1.79 for diesel in Wash DC last Monday. I almost didn't fill up the tank thinking that it would drop back quickly. Sunday it was $2.19. I think that my BSNX earnings will cover it.<G>

To: ItsAllCyclical who wrote (59896)	2/7/2000 4:13:00 PM
From: ItsAllCyclical	Respond to of 95453

Being conservative here... Closed my Nasdaq 100 (QQQ) short due to the close above 194. Cisco reports after the bell. May lead to yet another Nasdaq rally. Also sold some BSNX at 9 to balance out the shares I bought at 12. All my shares are now sub 8. I will buy if it goes below 8 again, otherwise holding current shares for long term gains. Still like the balanced and crude plays better short term. Gas plays look great on a 1-5 year basis. Bought XTO and EOG again. Slightly on margin again since XTO and EOG are mostly trading plays. XTO may turn into a long term position if we get a decent breakout. Other than BSNX another boring day in the patch.