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To: hitsoft17 who wrote (92024)	7/6/2001 6:11:06 PM
From: rails99	Respond to of 95453

What about impact of Saddam resumption of Iraqi oil shipments? This was as of yesterday. Should take weeks to get here, but will the market react to that? May see low production and jammed port in Turkey for a while. May see demand for payment in Euro and gold to hold up loading of the ships. I prefer to wait til the demand catches up per the storage numbers at near end of July (JMHO). Regards; Rails

To: hitsoft17 who wrote (92024)	7/6/2001 6:15:04 PM
From: Crimson Ghost	Read Replies (2) \| Respond to of 95453

Bounce yes, new energy bull no. I notice that Ed Yardeni now is quite bullish on the OSX. But I consider Slider the number one expert and he isn't buying the bullish mantra.

To: hitsoft17 who wrote (92024)	7/6/2001 8:37:18 PM
From: Roebear	Read Replies (2) \| Respond to of 95453

hitsoft17, I agree with George Cole that a bounce here is possible. Charts are promising in the OSX at these levels. However, the broader indices are likely to have unknowable effects on any OSX rally. Plus the extent of the economic slowdown world wide is limiting to the OSX upside and in this I agree (finally, but I usually come around, ggg) with Slider. How extensive this slowdown will be is not clear, but the prospects seem daunting. Another very sage trader who posts on this board once told me "sometimes to win you have to not play". Except for some moderate gold positions (and an eagle eye for buy points that could happen) and even smaller OSX positions in a favorite or two, I am maintaining a high cash profile and this is convenient also on a personal basis also as I move some cash and long term funds around to facilitate better future trading agility and money management. So for me it is a good time to "not play", but to watch and get ready. Best Regards, Roebear