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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (87632)	12/27/2000 9:58:26 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 132070

anyone, I am looking at SYMC and it is starting to look like a value stock or am I missing something. joan

To: Knighty Tin who wrote (87632)	12/28/2000 6:26:06 AM
From: Tommaso	Read Replies (2) \| Respond to of 132070

MB, While there is plenty of room to make money on the short side still, I think the really big profits will continue to be found in energy, especially if OPEC maintains any kind of discipline. They almost don't need discipline any more because they are so close to what they can pump anyway, and the tankers are not there to carry much more either. The natural gas situation is a lot worse than even alarmist newspeople are saying. It is a simple arithmetic fact that by the end of this winter there will be almost no gas in storage excapt the minimum to make it possible to pressurize the salt caves and old mines into which they pump it. The actual prices paid at the entry points to big cities are averaging 25% higher than the highest nymex quotes right now. Over the last six months I have got into every kind of gas play that I can find. There are some very good analysts on the Strictly Drilling thread. Then there's the dollar. If Greenspan cuts rates it won't do anything lasting for the markets. One has only to look at the numerous rate cuts in 1929-32 to see how ineffective that is. But it will start the dollar down even faster. Anyway, this is my take on things. I am still holding some puts and my short position on the Dow, but natural gas and the euro look good to me. Oil too, if Opec cuts.