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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (14359)	6/11/2000 4:56:00 PM
From: Gersh Avery	Read Replies (1) \| Respond to of 15132

Judging by the trin last week was a huge distribution period. SPX down DJIA down and NDX flat (yes, I know the NAZ was up but the NDX was a very nice weekly doji) prem killer week! VIX bottom doji still in effect (inverse to the market) My box still is saying >100 point SPX drop by Monday 6/19. For the time being, I still think that the puts were a good item to pick up .. obviously later in the week would have been a better entry considering the decay in prem. FWIW

To: Justa Werkenstiff who wrote (14359)	6/11/2000 5:32:00 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 15132

Gas Prises Jump Nearly 9 Cents .c The Associated Press CAMARILLO, Calif. (AP) - Gasoline prices climbed 8.82 cents a gallon in the past three weeks as a new kind of reformulated gas made its way to the pumps, giving some cities an average price of more than $2 a gallon. High crude oil prices, rising demand and new antismog regulations affecting 17 metropolitan areas pushed the nationwide average cost to $1.6723 a gallon Friday, analyst Trilby Lundberg said Sunday. That compares to the May 19 Lundberg Survey of 10,000 stations nationwide that found a national average of $1.5841. ``We are in a nightmare of patchwork-quilt environmental regulations which wreak havoc with gasoline supply and price stability,'' Lundberg said. ``The wide variety of regulations affecting formulas has created wide price disparities around the country and made distribution of gasoline more problematic.'' Metropolitan areas with some of the worst air pollution in the nation were required by June 1 to start using a new kind of gas that is designed to preserve air quality. Dealers in the Midwest, where many cities use a kind of reformulated gas that is blended with the corn derivative ethanol, are paying 26 cents more at wholesale, Lundberg said. Consequently, some retailers have sacrificed profit margin to remain competitive. In Chicago, one of the 17 metro areas affected by the new regulations, the average price for a gallon of self-serve regular was $2.1309, Lundberg said. That price marks the first time on record that a city's overall average price for gas has topped $2, she said. By contrast, Phoenix came in with the lowest average price with a gallon of self-serve regular costing $1.3916. Lundberg predicted gasoline prices might drop slightly in coming weeks, especially if the Organization of Petroleum the Exporting Countries decides to increase production this month. But the price will come nowhere last year's weighted average on June 11 of $119.02. Although the latest prices appear to be the highest on record, they are actually lower than gas prices were at their peak in March 1981, Lundberg said. The March 1981 national average price, adjusted for inflation, was $2.6661, she said. The national average price of gasoline, including taxes, at self-serve pumps Friday was $1.6260 per gallon for regular, $1.7225 for mid-grade and $1.8072 for premium. At full-service pumps, the average was $1.9279 for regular, $2.0157 for mid-grade and $2.0922 for premium. AP-NY-06-11-00 1725EDT