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To: pz who wrote (24950)10/10/2000 9:05:03 PM
From: DanZ  Respond to of 53068
 
Paul: Since when is it good news for oil to be up 73 cents a barrel? I was just beginning to enjoy the 2 cents per gallon windfall from cheaper gasoline. <g>

Sultan: If the only reason that NEON traded lower after hours is confusion over NESY, the stock might be a good one to try to scalp tomorrow. Thanks for the info. I haven't traded the stock before and don't know anything about the company. Based solely on the chart, I think it could fall to support between 12 and 14 if the Nasdaq continues under pressure. It closed at 16 after hours, but there were a few trades between 14 and 15 1/2 in the evening session. I feel for you if you own it, and wish you and others the best with it.

FNV traded 1.75 million shares today (about 2x normal) and finished in the middle of its range. I'd feel more confident that a low is in if it had closed near the high, but it came back late in the day on some very heavy buying. One trade in particular was 67,700 shares at 5 1/8 that took out the entire offer. There were two other blocks at 5 1/4 near the close (35,000 and 25,000 shares). I may add to my position tomorrow, but I'd like to see a successful test of 5 first.

Best to everyone. This is definitely a rough market for longs.



To: pz who wrote (24950)10/11/2000 6:59:43 AM
From: Ron McKinnon  Read Replies (2) | Respond to of 53068
 
Paul, you are right, that IS good news

oil costs up so that the poor and the elderly can suffer this winter, new auto sales will drop, and consumers will cut back on spending

the stock market can fall a lot more

and by electing our savior Bush we can send back to taxpayers, the huge surplus that is GUARENTEED to continue for the next 10 years rather than paying down our national debt to put the US on a more solid financial footing and thus lowering interest costs

damn, if we could get oil to say $50 a bbl and gas to $5 a gallon things would be even better