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

To: chowder who wrote (4688)	5/16/2001 9:58:26 PM
From: Second_Titan	Respond to of 23153

I think there is enough evidence that combined demand reduction and increased supply will bring down NG prices. We could very well have a complete different outlook by this Summer, but by July 1 XNG could be 25% lower. I am confidant OPEC can control oil supply as long as the global economy does not tank. Oil E&P has not even started in earnest as 85% of the RIGS are drilling for gas. So lets see what each day brings. I have shorts in WHES & DRG in the money for now and will cut loose Drillers/Service when the time is right, I hope. I just have to remember not to flip my OSX shorts for a small gain when they are a hedge to ride down. I screwed myself in April, as I established shorts and covered way to early. Will increase short positions with others once we clear OSX 135~.