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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Second_Titan who wrote (2918)	4/5/2001 6:34:08 PM
From: Warpfactor	Read Replies (1) \| Respond to of 23153

Returned to school?? What are you studying, Quehubo?? Nice NASDAQ rally today, I guess. Despite today's moves, I'm still underwater on most of my recent buys. I thought I was "getting over", buying JDSU at 19.5 and then 16. Happel, I'm a NUFO fan. I like the fundamentals on some of these optical equipment suppliers. Particularly NUFO, what $8 per share in cash? Last week they announce that they were comfortable with earnings projections. I received a few comments on the contest. I will probably stay away from a margin-based contest, defining rules for that might be messy. AMEX stock will be in for sure. Don't know how I forgot those. Will post final rules this evening. Warren

To: Second_Titan who wrote (2918)	4/5/2001 7:02:16 PM
From: excardog	Respond to of 23153

NY Natural Gas Review: May Up 4.79% on Summer Supply Concerns Apr. 5-MAR-- By Charles H. Featherstone New York, April 5 (BridgeNews) - NYMEX Henry Hub May natural gas futures closed up 4.79% Thursday on renewed concerns over the availability of gas for electricity generation this summer, according to one analyst. May settled up 24.0 cents at $5.422 per MMBtu. * * * According to several market observers, fund buying was fairly strong in the afternoon, with one broker saying that Enron was the largest gas purchaser Thursday. One analyst said the rally would continue, with May natgas possibly "knocking" on $5.50 per MMBtu as early as Friday and $5.70 "in the near term." However, one broker said that there's not much steam left in this rally and that the market would see a lot of profit taking on Friday. Concern about how much natural gas would be available this summer for both electricity generation and storage injection is beginning to strike fear into traders. Given that fear, one analyst said that it would not be hard to drive natgas futures up past the $10 mark given that near-month prices were already there in December. "They know there is not going to be adequate inventory for the summer demand and into the winter heating season," one broker said. Another broker, however, noted that much of the selling during Thursday's rally was "scale-up" selling, in which a seller releases small portions of a good onto the market as the price rises--50 lots at $5.40, another 50 lots at $5.41 and so on. It's a method of selling in a rising market that won't kill a rally, the broker said. Despite concerns over summer supply, "this market has people perfectly willing to sell into it," the broker said. April natural gas for next-day delivery at the Henry Hub sold for $5.20-$5.31 Thursday, compared with Wednesday's trading range of $5.17-$5.25. OUTLOOK Observers were mixed on whether Thursday's rally would continue, with some convinced that a more permanent upward trend had been established and others believing that Friday would see lower prices amid profit taking. Support for natgas is expected at about $5.20-$5.30, with resistance at Thursday's trading high of $5.48. UPCOMING --American Gas Association storage numbers 1400 ET Wednesday April 11 --NYMEX May contract expires April 26, Jun expires May 29. IN NYMEX TRADING TODAY: CONTRACT MONTH TICKER SETTLEMENT CHANGE ESTIMATED VOLUME (/MMBtu) Futures Options May NGK1 $5.422 24.0c N/A N/A Jun NGM1 $5.470 24.3c Copyright 2001 Bridge Information Sytems Inc. All rights reserved. The bridge.com ID for this story is BQSGKMJ