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

To: isopatch who wrote (87204)	2/14/2001 4:06:27 PM
From: isopatch	Read Replies (2) \| Respond to of 95453

Mar NG cls dn .43 @ 5.50. No likey AGA! Maybe not the best time to be max margin in NG E&Ps?! Isopatch

To: isopatch who wrote (87204)	2/14/2001 10:26:19 PM
From: add	Respond to of 95453

Can anyone explain why the West Region draw is so low, yet Spot prices are in the high teens. Something doesn't make sense. Is it pipeline capacity constraint. Is it that a few companies like PG&E own the storage and they don't need to draw and pay $17 on the spot, but others are willing to. In that case, is it again the case that PG&E is too worried about the future supply due to their own financial situation that they don't want to sell even at $17 because they need the NG later. Something doesn't make sense in the NG pricing/storage in California.

To: isopatch who wrote (87204)	2/14/2001 10:44:09 PM
From: chowder	Read Replies (2) \| Respond to of 95453

Hi Iso! I agree with your analysis wrt to the big energy crunch being pushed further out into the future. I'm of the opinion that the energy sector will continue to grow, but will grow more slowly. If you'll look at those picks in technology, I PM'd you yesterday, you'll see why my focus has turned to technology for ST plays. And, we didn't have any news to "pump up the volume," so to speak. (I'll PM you later with my strategy, since they performed well today, regarding those picks.) I think one of the wisest, yet simplest pieces of advice, (I like simple), came from Kollmnh. Identify the trend and get in ahead of it. I'm of the opinion that it's more of a risk to be out of the market, as opposed to being in it. I think it's a matter of identifying the oversold stocks, ones you don't mind holding LT, and establish a position for yourself. I'll continue to play ST as I try to establish some core positions. I'm waiting for a pullback in energy before getting back in. I'm down to EEE, which will be sold soon, and OEI and TMR which I plan on holding LT. My gamble of selling SMOP and rolling into RRC has paid off. I made more in RRC in one week than I would have made holding SMOP for two months. I sold my RRC to lock those profits in. I think the big money in the ST is made in techland, taking advantage of those 10-15% moves, one at a time. As I mentioned to you before, I'm of the opinion that one strategy doesn't work all the time. I'm taking the time to learn how to switch hit, how to dribble and kick the ball with both feet, so to speak. By learning different strategies, I think it enhances our chances to succeed against the dark forces. dabum