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To: excardog who wrote (88003)2/22/2001 12:16:25 PM
From: isopatch  Read Replies (2) | Respond to of 95453
 
E-Dog. Yep another NG E&P trainwreck(g)

Haven't been following MARY closely.

But a quick look at the daily and weekly show her moving into strong ST support mid to mid/lo 20s.

siliconinvestor.com

So a bounce is highly likely soon if you're nimble and want to play it via shorter term charts and reading the MARY tape. Or if you want to swing from the left side of the plate?(ggg) Pick out the next gasser that's been held up in advance of earnings and short the bugger!

But what I'm most interested in is watching these counter trend rallies as one NG after another tanks with my primary focus on the strength and durability of the Intermediate down trend.

Only when that's bottomed or begins showing strong indications of same will ole Iso committ much in the way of cash reserves. Same goes for P, KMG, etc.

Recently wrote May 60 calls on small partial P pos (lowering basis to 50 n cng). Not interested in adding till we see our FIRST selling climax in the sector. Ain't there yet(g).

Iso