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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: TWICK who wrote (4460)	7/22/2001 8:07:01 PM
From: chowder	Respond to of 6873

Please note, earnings for the energy companies aren't going to be the catalyst for upward movements of the share prices. Energy companies going forward will have to lower estimates due to lower commodity prices. These companies will be going against record earnings on a Q over Q in the future, at a time when commodity prices have declined significantly. In addition to this, Tuesday evening the API reports on crude inventories. The reports in recent weeks have been very bearish. Be nimble with the trigger finger if you're going to play energy for a bounce. Take profits often. dabum PS - Edit: Offshore drillers should do better than land drillers if the OSX is going to rally.