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To: Robert Rose who wrote (125892)	6/3/2001 12:52:09 PM
From: Sarmad Y. Hermiz	Read Replies (2) \| Respond to of 164687

>> That's how i'm feeling about investing in the energy sector right now. have i already missed the easy money? and am i just setting myself up to get burned by the bubble du jour? << Well, energy, specifically, the companies with assets and earnings isn't a bubble. But how much mode upside remains, I wouldn't know. About the other question about missing the easy money. In my (painful) experience, the easy money, by definition, is impossible to predict. You can participate in it only by pure unplanned and undeserved chance. And so everyone misses most of it, most of the time. You also mentioned "investing". I am convinced that playing the market is not "investing". And even though I have 100% of my non-emergency funds in the market, I cannot pretend that it is "invested". It is a gamble that I am taking, hoping to double my money in a year or two. All the time fearing that my funds would get cut in half or worse. It is nerve wracking, and I wouldn't do it unless I had adequate income from a job that could replenish my losses, if it comes to that. I really think the only legitimate investment for someone who needs to preserve his money is CD's and high quality bonds. They can't provide "get-rich-quick", but they won't send you to the poor-house, either. Good luck. And I mean that. Making profits in this market seems more a matter of luck than anything else. Sarmad

To: Robert Rose who wrote (125892)	6/3/2001 2:50:01 PM
From: craig crawford	Respond to of 164687

energy such as oil are just consolidating their big gains. they're basing. even in this huge economic slowdown oil is more than 2 1/2 times higher than the lows in 1998. gas mileage here in the US is at 20 year lows. more importantly: saudi arabia has by far the largest proven oil reserves in the world. 25% of the world's oil. did you know that if each person in china used just 1 quart of oil per week that all of saudi arabia's oil is gone? bye bye. used up. did you know that in 1980 we had 4,530 oil wells in america? just 2 years ago that number had shrunk to approx 400. after this oil "crisis" we are only back up to about 800. like i said before, energy prices are going to remain high for years to come. trust me on that