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To: isopatch who wrote (90049)	4/15/2001 6:35:25 PM
From: Charles Macdonald	Read Replies (1) \| Respond to of 95453

ISO - You may find this funny. Taken from the A&P thread. twistedtunes.com

To: isopatch who wrote (90049)	4/15/2001 6:35:36 PM
From: isopatch	Respond to of 95453

Improving numbers from InsiderTrader And IMHO, good tactical advice, as well. Basically the way I've been playing the rally. Here's an excerp. Iso "Weekly Insider Review 4/11/01 Last week there were 220 companies that had insiders file Form 4s with the SEC indicating purchases, and 208 indicating sales. This is a relatively bullish ratio that will help the Rolling 4-Week Average on our Insider-Based Market Indicator look a bit more optimistic. But we are hardly ready to pound the table and scream for investors to jump back into the market with both feet. This week will be the high filing time for insiders to send their Form 4s into the SEC telling us how they acted during last month's nasty sell off. It would be great to see a large percentage more companies with insiders buying than selling, but it would have to be an immensely lopsided ratio to make us feel confidently bullish. Over the past couple of years, a warm bullish feeling has been justified when the Rolling 4-Week Indicator has breached the mark where 50% more companies have insiders buying than selling. But just reaching this point hasn't always been the best time to sell the house and kids and buy, buy, buy. In the Fall of 1998, for instance, the market continued down after that 50% point was passed. The indicators became progressively more bullish during that market slide, of course, and this indicated that insiders saw tremendous values in the declining shares of their companies. Correctly, as it turned out. But the fact remains that the direction of the indicators must be taken into account as well as their absolute levels. The way we intend to use the recent behavior of our indicators is to increase the flow of money back into the market as the indicator breaches the bullish, 50% mark, but not jump in with both feet. Calling the absolute bottom of this decline is a sucker's game, and we would rather miss some upside than be bloodied further."

To: isopatch who wrote (90049)	4/16/2001 2:40:54 AM
From: Douglas V. Fant	Read Replies (1) \| Respond to of 95453

isopatch, I represent one true refiner...And the profit margins are quite healthy from what I've seen. Liquid fuels are no different from power plants or drilling oil & gas wells- We have not done enough of any of them over the last 8-10 years as a nation. We need to ask ourselves in the context of the national energy debate just what sort of economic and environmental future do we want for our grandchildren/great grandchildren...I pulled out a tin type picture of my great, great grandfather last night, taken in 1859. He fought as a Captain in a Missouri Infantry Regiment in the Union Army of the West in the Civil War. His efforts and sacrifices made it possible for all of us to enjoy the country that the US has become. We face a similar, albeit less intense choice as a generation now- Where do we take the US now in terms of balancing energy and environmental policy? We need to get on with the business of building our energy infrastructure if we intend to remain an economic superpower- yet their are costs. Let's make the hard choices....