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

To: Second_Titan who wrote (83132)	12/31/2000 5:43:36 PM
From: Tommaso	Read Replies (1) \| Respond to of 95453

I don't think there is much that could make NG prices go down much over the summer. All one has to do is look at the AGA production and storage figures. It seems so obvious to me that I am wondering if I am not foolish to refuse to get into the futures. But anyone who has ever had a futures market go against him feels like an unsuccessful voyager in a barrel over Niagara: not disposed to give it another shot. I would advise anyone with a large amount of cash available for sheer gambling to buy a far-out contract in natural gas and to maintain a well-margined position. I don't really subscribe to Keynes's directive: "A rich man should do nothing but gamble." But I do think he was correct that "A poor man should never gamble." I am in the middle and do what I consider investing, mostly. I just don't have that cushion of money that I do not need, which I would need to play the futures. But I am putting most of what I do have in investments into all sorts of natural gas plays.