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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (2830)	9/17/2000 11:25:41 AM
From: onurbius	Respond to of 33421

Hi John, Now that the markets are trading in' sync with your astute calls on the NAZ, oil & gas, etc....c'mon, when are you calling the next upturn for the NAZ> <vbg> TIA

To: John Pitera who wrote (2830)	9/17/2000 7:34:17 PM
From: Jorj X Mckie	Respond to of 33421

John, A site that you might be interested in. Found it posted on another thread. home.att.net Let me know what you think. Tom

To: John Pitera who wrote (2830)	9/23/2000 10:26:55 AM
From: Logain Ablar	Respond to of 33421

Morning John: Here is a nice site to look at. home.att.net I assume the concerns you expressed prior to Labor Day didn't factor in the government intervention we are having at the momment. Not only with the Euro and Oil but money supply as well. My fear factor is the consequences down the road. As an example the release in oil will lower the price / barrel and hinder exploration. While this is short term it pushes out the problem and potentially makes it worse (provides a buying op on the service companies). The EURO - well fundamently I don't know where this goes but if (when) the US $$ weakens we have an equity issue. Cash @ 6% is good s/t return since rates will increase. Money supply. We'll how long can we have high growth without it creating inflation. Actually the concern is with Growth so high what is the FED worried about. We know there was Y2K, LTCM & Asian meltdown. Wonder what is going on behind the scenes. From my novice view we are setting up for a pretty good run in the NAZ here (although I was quite nervous going into Friday). At least to the election. (Bush is probably toast now - mom & pop and joe 6 pack don't care about the long term ramifications). I'd say its a high probability of creating a speculative top. On a separate note - BR's announced this week increased earnings but lower production levels. Do they have reserve depletion issues or are they just holding back? I'd say DVN is the better investment here. I expect both to pull back (although DVN is @ support & can bounce) with the release of the oil reserve (if its not already factored in) but once we are in October or November (at the latest) and we have the 1st cold snap DVN (this ones earnings will probably be a blowout to the upside) will move like and internet company. I have a small position in BR (right after its last earnings) and it looks like its heading back to my buy in level. I may rotate it into DVN. Right now I'm thinking of being in natural gas (DVN), tanker (NAT), generic drug (DRMD) & cash (government money market) around election and will re evaluate CMRC now for its revenue growth. Just my 2 cents. Thanks for info. Tim