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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (22545)	12/8/2000 1:26:04 AM
From: LAWRENCE C.	Respond to of 29382

Hi, DD, yes CHK's choice to lean towards natural gas was an excellent choice. Greenspan's speech was a step in the right direction but too little. The economy is slowing and any Fed rate reduction will take 6-12 months to work it's way through the economy. Looks like platinum is even hotter than natural gas. Analysts have not revised their earnings estimates for SWC. SWC continues to climb reflecting their improved forward contracts. Earnings should significantly improve in 2001 and forward compared to a general slowing in most of the rest of the economy. Falling oil prices will help the economy some. As I see it, Slowing earnings will be the major market driver. In SWC I'm up 37% (looks good to me short, intermediate and long term). In SDS up 8% (holding up well with strong chance of hitting new highs). Natural Gas Sector: Natural gas plays should do well over the next year tho they could be volatile. In CHK went into the green (up 4%). Weather here in Pennsylvania has turned colder with colder weather expected. I'm using natural gas for heating for the first winter. Converted from oil to natural gas since we had to replace our furnace. The house heats up much quicker. We also got a setback thermostat which helps a lot. Once the government approves an increase in pipeline capacity it should benefit natural gas producers. Since CHK has more holdings in Midwest instead of Gulf that is a plus for them. Gulf producers are having narrower margins since they are having a harder time moving their product to where it is needed. In ABT up 1%, TX down 2%. RTK (speculative) down from an average remaining cost of 1.51. It was disappointing that RTK broke down. It has improved some to 1.31 and will probably trade in a range till there is good news. Lucky