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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: jim_p who wrote (81553)	12/13/2000 12:47:11 PM
From: dsindakota	Read Replies (1) \| Respond to of 95453

What the Hell hit the OSX? Dave

To: jim_p who wrote (81553)	12/13/2000 12:48:35 PM
From: Think4Yourself	Read Replies (2) \| Respond to of 95453

re: "We are in a NG crises now and the market does not know how long it will last, but the market believes we have averted an oil crises for now." I strongly disagree with the market then. The oil crisis is worsening by the day. Our stocks are steadily depleting and now OPEC produces under their ceilings for the first time in a decade. Most of the US drilling is for NG and now folks here are saying the rig yards are empty. Tanker availability is zero preventing increased imports to solve the problem. Lastly there is the middle east wildcard. We haven't dodged a bullet. We are simply ignoring it as it speeds ever closer to our collective head.

To: jim_p who wrote (81553)	12/13/2000 1:16:18 PM
From: isopatch	Respond to of 95453

Once complacency due to SPR temp masking real supply/demand in crude, evaporates (excuse the pun) in the next few weeks, WTI will run and we'll get the same bullish sentiment we see now in NG market players. Until that happens I see no reason to go above 80% cash. IMO there's some room on the upside. But as I've repeatedly posted here for several months am very cautious. Will only play the long side with partial positions in carefully selected stocks. Overall, remain in Bear Market mode which means cash level won't drop below 50% vs Bull posture where it doesn't go above 50%. Right now, am about 65-68% cash. Best Isopatch