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

To: BigBull who wrote (62135)	3/14/2000 6:17:00 PM
From: BigBull	Respond to of 95453

One last note on API's - "Implied gas demand 8.78 vs 7.66 last week" To me, this is a completely astonishing number, given the sharp rise in gasoline prices over the past week. Astonishing.

To: BigBull who wrote (62135)	3/15/2000 12:02:00 AM
From: ItsAllCyclical	Respond to of 95453

BigBull - Kudlow - Actually what I found most interesting about that article was Kudlow's about face on oil prices. He's been saying for so long that the price won't hold, that it can't hold (since $15) blah, blah, blah. Just a few weeks ago he was still talking that way. Looks like the final push through $30 has made him face reality. In many ways his change of heart is a little scary, but give the guy the credit for finally covering his short 100% ($15) later...lol. Call me crazy, but I anticipated oil prices being used as an election year ploy. Bought BSNX near the close. Also bought a microcap E&P (40 mil in market cap), but it's a crude play so I'm not sure what John is talking about. OXY looks great from a risk/reward ratio here, but I'm already overloaded. From a TA standpoint it should break it's downtrend line (at least one of them) with any close over 18. I expect a quick run to the 20 area on any sort of break in OXY. It's such a no-brainer here (25% of my portfolio is now in OXY options). Don't recommend it, but most are in-the-money options so it's really akin to using lots of margin for leverage. I very confident I'll at least get a move to 19-20 before the OPEC meeting where I'll take some nice juicy profits in the April's. The Aug 15's and the Jan 17.5's look like the best bets. Looking for 50-100% (short term) which I'll get just with a move to 20. FST looking to break it's 50 dma tomorrow. Should run to 12 pretty quick say by next week. OT- HRC (healthcare) fans, check out the Jan 5 2002's selling for 2 1/8. Lots of time premium for very little money imho. I'm loading up tomorrow. By my estimates HRC is only about 3-5 weeks from breaking out again at most. The next time should be the real deal. The last two days has shown that the oil sector will for the most part trade on it's own merits in a market selloff (assuming a gradual one). I'm somewhat comforted by the action of late. I'm using about 1/2 my margin buying power currently, but much of my margin is in financials, healthcare and OXY so I'm not too worried.