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To: SliderOnTheBlack who wrote (61842)	3/9/2000 9:16:00 AM
From: Jon Cave	Respond to of 95453

Oil Climbs Back Despite Output Hint By William Maclean LONDON (Reuters) - Oil's roller-coaster rally showed fresh resilience on Thursday, clawing back some big losses despite signals OPEC is readying an output hike to avoid hurting the world economy. Benchmark Brent crude stood two percent or 82 cents better at $29.62 a barrel a day after taking a 10 percent walloping on signals that OPEC is heading for an output increase on April 1. U.S. light crudes were 54 cents higher at $31.80. Prices plunged on Wednesday on word that OPEC price hawk Iran had lifted objections to a cartel output rise in April following talks with Saudi Arabia, the world's largest producer. On Thursday Saudi Crown Prince Abdullah appeared to set the seal on a fledgling consensus between the Gulf rivals by saying the kingdom was keen to ensure stable supplies and prices. The crown prince, who has been running the oil power since King Fahd fell ill five years ago, said: ``We always affirm the importance of stability of oil supplies and prices at reasonable levels and any imbalance between supply and demand would not be in the interests of producers or consumers,' he told the official Saudi Press Agency. ``We will strive through collective action as we did in the past to restore balance to the market to safeguard the interests of exporting countries and at the same time not harm the world economy.' In recent weeks Saudi Arabia had signaled it is willing to raise supplies, while Iran had said that the producers' group should extend the cuts because of seasonal declines in demand. Iran's stand had been backed by OPEC's Algeria and Libya. But Wednesday's meeting between the Saudi and Iranian oil ministers raised the prospect of OPEC agreeing an increase from April 1 when it meets in Vienna on March 27 to set output policy following the expiry of current production curbs. Those curbs, operated in concert with non-OPEC Mexico, have tripled prices over the past year by draining inventories and drawn complaints from key importers such as the United States. ``We can see OPEC putting in place a package which will go some way to satisfying the United States, but will not entirely quench its desire for more oil,' said GNI brokers in London. But the market still wants to know exactly how many more barrels OPEC plans to supply to a market starved of supply. ``There is a world of difference between OPEC supplying an extra one million bpd and an extra two million bpd,' said GNI. U.S. Energy Secretary Bill Richardson said on Wednesday the Clinton administration was talking with some non-OPEC oil producers about what to do if OPEC's output hike was not enough. ``What is very important...is that the level of increase be a sizeable amount and secondly, that it be done in a timely fashion,' he said. Non-OPEC producer Mexico has hinted it might move independently of its OPEC allies once the deal expired. ``Our commitments end March 31,' Jorge Chavez, Deputy Energy Secretary of Mexico said on Wednesday, adding a seasonal second quarter decline in global oil demand may be less this year than previously, due to low gasoline stocks. Venezuela's Oil Minister told the same conference he expected demand to slide 2.5 million barrels per day in the second quarter.

To: SliderOnTheBlack who wrote (61842)	3/9/2000 10:14:00 AM
From: CpsOmis	Read Replies (2) \| Respond to of 95453

Re: Possible manipulation of MLRC/BSNX , "painting the tape" with large runup at the close, and Slider's barrage of mockery and insults.... Again, I mention the extremely low floats on these stocks....MLRC has only 7 million outstanding shares per the nasdaq site: quotes.nasdaq-amex.com And PULEEEEEZ EXCUUUUUUUSE me O' self-inflated obnoxious one....I did INDEED mis-state ....BSNX INDEEEEEEEED has a LARGER float than MEXP....by about a million shares LOL!!!! quotes.nasdaq-amex.com C'mon, Slider, do you really have to be so mean spirited when anyone disagrees with you? I did not mention you personally. I JUST STATED FACTS THAT I THOUGHT WERE PERTINENT TO THE DISCUSSION. Apparently, since the FACTS may lead potential purchasers of YOUR shares to think twice, you feel a need to attack the messager. I simply stated the TRUTH....these are extremely low float extremely small market cap, easily manipulated stocks, and it appears that some "painting of the tape" at the close to exaggerate movement in them may have occurred. Both of them saw an inordinate qty and price appreciation in the last fifteen minutes. Large out of the ordanary buys at the very end of the session I think is VERY PERTINENT to the discussion, (which YOU apparently started, now that I go back and look at it) These are two EXTREMELY LOW FLOAT MICRO-CAPS, and I think that APPARENT MANIPULATION of the share price is a valid concern for anyone looking to trade OR invest long term in them. _________________________________________________________ Your sarcasm and put downs Slider, lead me to believe that you would prefer the readers of this board to ignore these facts. _______________________________________________________ I clearly do not have the obsession you do for manipulating words and pumping stocks. Your insults are actually rather amusing at this point, and lead me to believe that my comments about MLRC and BSNX manipulation may BE CLOSER TO THE TRUTH than I thought.