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To: Think4Yourself who wrote (60776)	2/23/2000 1:23:00 PM
From: dmccoach	Read Replies (2) \| Respond to of 95453

Oil, Nat Gas up today... will we really have a bearish API number? Can't believe these levels, but then again, everytime time I buy one of these stocks, I seem to end up saying that. From CRB: Description Last Change Percent Change Crude Oil 29.31 +0.39 +1.35 % Natural Gas 2.535 +0.02 +0.8 % Heating Oil 0.7545 +0.0058 +0.77 % Unleaded Gasoline 0.847 +0.0021 +0.25 % Dan p.s. when I feel this way, we are usually near a bottom... RIGHT!?

To: Think4Yourself who wrote (60776)	2/23/2000 2:04:00 PM
From: upanddown	Read Replies (1) \| Respond to of 95453

From CBS MarketWatch... In other energy news, the natural gas market awaits its own update on weekly U.S. supplies, which will be released after 4 p.m. Analysts at Thomson predict that supplies, as of last week, fell between 110 billion and 130 billion cubic feet, while a survey of analysts conducted by Bridge expects inventories to have fallen by 130 billion to 140 billion cubic feet. Sounds like the AGA numbers are coming out on schedule today. The predicted numbers are lower than the actual of the previous week even though the EIA reported on Monday that temps last week were 4 degrees lower than the previous week when inventories were down 158. The EIA only covers 4 cold-weather regions and average temps are slowly rising but still, these numbers look low. I still think either supply is being over-estimated because of depletion or demand is being under-estimated because of power plant switching, new housing, etc. John

To: Think4Yourself who wrote (60776)	2/23/2000 2:19:00 PM
From: Nello Filippone	Respond to of 95453

<<How can an entire industry be so full of incompetant analysts?? Incompetance almost seems to be a prerequisite to be an analyst in this industry.>> John, Look at the call Merrill and SSB made on the Airlines in mid DEC 99'. They were pounding the table about the majors effectively hedging against a 60% increase in fuel costs(2nd highest expense to airlines behind labor costs). How effectively can you hedge against a 60% increase in Jet fuel, a commodity that you need to purchase to operate? (Pump and Dump?) I would think that if they could insulate themselves by 30% that would have been incredible, the ANALysts were talking about some airlines only seeing a 5% increase price. Well, January came and the facts were out, Airlines needed to buy fuel to fly their planes. Sorry to the folks who listened to the Analysts. Here's the best hedged. siliconinvestor.com P.S. Don't get me wrong, I love UAL at 53(long term) and will start accumulating after the full impact of higher fuel prices are reflected in their earnings.

To: Think4Yourself who wrote (60776)	2/23/2000 3:38:00 PM
From: upanddown	Respond to of 95453

John Q Not sure what to make of MDR. It has the huge selloff in Nov because of the asbestos problems. After meandering between 8-10 for months, it leaps 20 - 25% last week, seemingly on expectation of B&W bankruptcy. The BK occurs and the stock collapses again. I rode it down and got out on the bounce last week with a small profit. I thought about getting back in but I think I will hold off. The one is even harder to understand than this crazy sector, if that is possible<vbg>. Didn't realize that B&W was such a big fraction of the action. biz.yahoo.com John