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

To: waverider who wrote (60894)	2/24/2000 11:27:00 PM
From: kormac	Read Replies (1) \| Respond to of 95453

C-span is showing the Senate hearings on the heating oil price crisis in New York. The head of the trucking industry was demanding that the 22 Billion barrels of oil from the SPR must be released. !!!!!!!!!!!!!!!!!!!! Some staffer passed a note to the senator from Alaska who chairs the hearing and the senator corrected the number to 545 million. A small error !!! <VBG> Seppo

To: waverider who wrote (60894)	2/25/2000 7:03:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

DiamondH - didn't you get to retire off of your Qualcomm play ? ... man, I remember you nailing that back when it was cheeeeeeeeeeeap. Hope you held... Today could get interesting with the preliminary GDP #'s. If we see "too" strong of growth - Down goes the Dow and I would imagine that much of the continues selloff in the Oil Majors - Integrateds continues. I will be curious to see if the DOW does blow off a few hudnred points on bad GDP #'s; if the OSX gets some rotation money immediately. There is some decent short interest here from those who think OPEC is going to really turn on the spiggots and crude is going to $18ish. Maybe we received some short covering yesterday in addition to some rotation money ? I still think OSX 95 is the "wall" prior to the OPEC meeting. I think taking profits on these momenteum leaders within the OSX on any further move and immediately rotating the money to a top tier E&P laggard (BR NBL EOG UCL etc) is a smart play. David Alger voted the top money manger of the decade was on CNBC - part of his core strategy is to continually take profits on the breakouts - then re-buy the retraces, or rotate to laggards and he's 50% in tech. It's been working in the Oilpatch for me... Received conformation of my new funds for my new account and I am looking forward to do some buying today. I like ETP as a real sleeper, like UCL, EOG , BR probably as my 3 main buys today. BP is willing to sell all of Arco's Alaskan properties and this may be enough to push this merger through. If it happens watch VRI pop and the P's, UCL's, both potential takeout's & MRO with a spin off potential premium from USX; all - take off... Earnings will become the focus post OPEC meeting; the E&P's and Major's have huge upside visibility and their valuations are at historic low multiple valuations - you have to be there imho.