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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (33371)	9/21/2000 2:43:25 PM
From: Susan Saline	Read Replies (1) \| Respond to of 50167

u mean u closed your shorts ... right? why would you close longs at the low? do u mean dow stocks or naz stocks? this looks like another bounce point to me on naz

To: Jerry Olson who wrote (33371)	9/21/2000 4:54:33 PM
From: GROUND ZERO™	Respond to of 50167

Hi OJ, Jaw boning has never worked when trying to move the markets for more than a day or two... I take such an announcement as a buying opportunity to add to my store of crude oil and natural gas contracts... I'm already loaded to the hilt and have each position covered with calls that are incredibly inflated, I couldn't resist... I sold calls for each position each time I added a contract... those premiums are so juicy...<g> I don't think this announcement will have any real effect... many unschooled traders may try to short the energy market here and they will all lose money as these markets continue their rally... the fundamentals are very bullish and the technicals are also very much intact for a continued run higher... Respectfully, the U.S. oil reserves are there for national security and national defense purposes only and not to influence market price... I think Clinton is making a foolish mistake which can only be seen as a populist attempt to be a hero at the last minute... this could backfire very easily, both economically and politically... by using the oil reserves simply to reduce the price of oil he will put the United States in a position of weakness in any future negotiations with other countries regarding matters of national security and defense... this is a very bad mistake and shows poor judgement, that oil is not his to sell... but, nonetheless, as far as the markets are concerned, such a move will be ineffective.....IMHO GZ