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

To: Gary M. Reed who wrote (81712)	12/14/2000 3:18:04 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

Too bad there are no great sculptors alive today. Someone would surely do a Saint Maria in Ecstasy. Her eyes would be rolling back up into her head while her hand would be artfully clutching her loosely hanging bodice. Saint Joseph of Battipaglia, with utmost gravity, would then whisper in her ear. Then breathlessly, she would quiveringly sigh through her fulsome lips - Cal Producers! What a moment! I belieeeeeeeeve! (barf) Arrrrgh! Gimmie a break! Bring back the Medici's, they did it much better! Damn! Even the Borgia's were more believable than CNBC etc. At least bring back Liebe Geft. I bet Liebe is Diana G's mother. <gggggggggggg>

To: Gary M. Reed who wrote (81712)	12/14/2000 11:48:33 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

Gary Reed re: <Agree 110% about Maria's pimping the Cal producers as being nearly criminal...> ... CNBC does a great job with their on air analyst/guests having to disclose their positions. But; where the Dorfmanesque - pimp & pump comes in - is these "nameless" - quote, unquote hedge funds, or traders who said - "such & such is a great buy on weakness... or hedge funds are buying _ _ _ _ on weakness etc"... these "anonmyous" hypes & touts as oft' reported by Maria & Pissani - are pure Bullshit & CNBC needs to eliminate these blatant abuses of their reporters by these traders. They come of as clearly used & abused in a very unprofessional manner . CNBC should no longer allow their reporters to quote ANY "anonmyous" trading calls/touts - none. Name the trader & firm - or don't report it; period. Today's "anonmyous trader" pimp of Maria & her pump of buying the California Power Producers on weakness; hours before Ca. Sen Diane Feinstein appeared on Television predicting the potential "BANKRUPTCY " of a "few" California Power Producers is literally - criminal. PS: JQP... you went "MAX MARGIN" (again) right before the OSX tanked from 120 to 100 here (OSX 95 intraday low); now you like THX at $30+ ? ... wondering how you can be buying much here - if you were "MAX MARGIN" at much higher levels ? ... also; I'd think this latest "Max Margin" forray would ease that "tax burden" of yours from the earlier in the year "trading" gains (vbg). I'd imagine at OSX 100; let alone the intra day OSX low of 94-96ish; that if you were "really" on Max Margin - you would have been be liquidated, or had to have done some very painfull selling (down 40-45% on a portfolio basis potentially - but, I'm sure you've got an explanation)... and of course easing some of that tax burden pain as well. One would think you would have learned from your prior public "mea culpa" here from your earlier broker liquidation from your days as the "Trader formerly liquidated as Lingerfelt" ? ... but; obviously not. Load THX at $30+ here while evidently still "max margined" and you'll become perhaps the only trader in Oilpatch history to be liquidated 3 times in one Boom cycle...(VBG). The Nat Gas E&P's are chip-shot "shorts" on any "significant" weather related breakout here... what "more" could possibly be priced into these stocks in the coming months ? Imho; the only potential "against the grain" plays in the E&P sector here; are in the small, or micro-cap E&P's who are repairing badly damaged balance sheets; or perhaps on a case by case basis/individual drillbit/production stories. I've got THX, HSE & XTO atop my Nat Gas "short prospect" list here... I think it will be much easier to call a top & a short sell - rollover inflection point ( during the next 2 mos imo) with an easy 50% downside; than it will be in buying/adding anything here -thinking these E&P Nat Gas plays are going to significant new highs for anything other than a brief weather related blip & instant round-trip collapse here in the next couple of mos. The risk is that at this point in the Oilpatch Cycle; the E&P's can rollover & die - while the OS/Driller stocks can continue to ramp for 2-3 quarters past the E&P rollover... ala 97-98. We could see $4.25-$4.75 Nat Gas quicker than anyone thinks & break into the $3's by year end 2001. Yes; still historically attractive prices; but the E&P's will have negative comps after Q4; possibly Q1 at the latest - going forward; and no one is going to pay more for these companies late in the cycle with $3/$4 Nat Gas than they did in the early cycle at $6/$7 Nat Gas - especially with a presently slowing US Economy & dramatically higher year over year drilling activity/rig counts for Nat Gas drilling. ... let XTO move up near $28, THX near $36, HSE near $40 and these are put/short chip shots.... remember; the Street is not waiting untill they see the "bottom, or the collapse" on the horizon to get out of these stocks - they are waiting untill the see the "peak" on the horizon - speculative weather related spike not withstanding....take the money & run on the first sign of exhaustion that these stocks show on their next weather related run here; as they'll be strong short selling candidates. Nat Gas Drilling will be exponentially higher in early 2001 than it was in 2000. Nat Gas adds will be dramatic next year - we will NOT be in any crisis situation by next fall imo; certainly not with a slowing US economy !