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To: pater tenebrarum who wrote (51543)	12/27/2000 12:46:01 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 436258

Another tanker in his list - NETA! PB list strikes again! Too bad I am stuck with CMVT, WAT and CPN - not with the real losers! -g- siliconinvestor.com

To: pater tenebrarum who wrote (51543)	12/27/2000 1:13:04 PM
From: yard_man	Read Replies (1) \| Respond to of 436258

The question for folks engaging is hedging is not: can u have a very bad year versus what you would have had you not been hedged (of course you can) -- the question is what happens through a number of different periods of price strength and weakness -- hedging done properly reduces risks and smooths operating earnings ... nothing wrong with it per se, except many can't resist the temptation to trade once they get involved