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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GuitarMan who wrote (4382)	8/21/2001 4:36:30 PM
From: John Pitera	Respond to of 33421

I think the outlook for Natural Gas is still pretty favorable. It should stay above 3.00 for the rest of the year and i think we can see a late fall rally. when DVN announced the buyout offer for MND, DVN did not go down in price and MND had a nice move up and is holding those gains. That type of price action is not as common these days. Often a company announces the purchase of another and both stocks sell off. The market seems more comfortable with the fundamentals of this deal. John