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To: excardog who wrote (83042)12/29/2000 2:19:27 PM
From: excardog  Respond to of 95453
 
NYMEX Oil Review: Rises on Year-end Buying, Continued Cold East


Dec. 29-MAR--

By Peter Rosenthal, BridgeNews
New York--Dec. 29--Crude oil futures in New York rose more than 3%
Friday as commodity investment funds completed the year with a modest
buying spree and the East Coast remained cold and braced for its first
winter storm. Feb crude ended the abbreviated session up 85 cents, or
3.3%, at $26.70 a barrel.
* * *
Expiring Jan heating oil ended up 354 points at 93.00 cents a gallon,
while Jan gasoline, also going off the board, gained 397 points at 79.50
cents a gallon. IPE Feb Brent in London rose 19 cents to $23.87 a barrel.
"You got fund buying in the no lead (gasoline)," said a broker



To: excardog who wrote (83042)12/29/2000 2:33:05 PM
From: Think4Yourself  Respond to of 95453
 
I am also in the camp of avoiding companies who build pipelines where guerilla's tend to blow them up. Doesn't matter how much you can get for your oil or NG if you can't get it to market. I only own OXY because Colombia's operations contribute less than 10% to bottom line AND company severely undervalued. Either of those change and I sell.



To: excardog who wrote (83042)12/29/2000 3:48:32 PM
From: isopatch  Read Replies (1) | Respond to of 95453
 
Amen to that. Some stocks seem to have it in for certain investors,

while are other stocks are like an open book.

Know very good traders who are absolute wizards with certain stocks. But other, often quite similar, ones just drive them crazy.

Have run into this plenty of times myself. Don't know if this is a quirk specific to me or whether others have fallen into the same thing. But, over the years, it's gotten to the point where I usually know fairly quickly if the tape on a stock is going to be a good read for me, or a total mystery.

Of course, it's best to have this kind of epiphany BEFORE you buy, lol. But, in all honesty, it doesn't always happen that way. Once I know for sure am drawing a blank, and I don't necessarily mean a loss, will usually look for an early exit AND not go back!

It also has nothing to do with holding periods. In fact, some of my better investments have been sluggish at first, like Raytheon. But always had a clear picture of where that one was going. So, it was easy to be patient.

Calm & patient works better for me than nervous or impulsive(g). It's also a lot less stressful and makes it more likely I'll get almost all of the intermediate up leg in the stock.

Are you bringing a laptop on your vacation? Or is Mrs. Cardog hiding it till you get back?(g)

Iso