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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Mark Adams who wrote (3826)	8/28/2001 3:54:30 PM
From: chowder	Read Replies (1) \| Respond to of 206326

Mark, >> Thanks all for the view into the bearish perspective. I'm much better educated as a result of your sharing your insight. << Your welcome sir! I aim to please and ed-gee-cate! :) >> We remain comfortable with our position that we are at a reentry point for buying natural gas stocks << Why shouldn't they? It's not their money. The people telling us to buy into weaker earnings are people who make a living off of our buying. Not many analysts saying we should be short or staying on the sidelines, yet that has been the smartest move of late. Market says they've been wrong up to now. Since the market is always correct, I'll wait on the market to let me know when to turn bullish. Best of luck to you sir. dabum

To: Mark Adams who wrote (3826)	8/28/2001 5:23:53 PM
From: jim_p	Respond to of 206326

Mark, It's not time to buy oil stocks yet. Maybe next spring if oil prices hold up? We are only in the sixth inning of this NG game and if oil tanks we may have a double header. In the next stage of the NG cycle we will begin to see forecasts of surplus NG supplies for extended time periods. I've already seen one project calling for low NG price for up to 2-3 years. About that same time, perception will begin to change from a short term surplus to a long term surplus. It's at this stage, the capitulation stage, that we have the greatest rewards for the shorts. Markets always over react, which will follow the capitulation stage and drive oil stocks back to valuations we saw in 1999. Soon the game will begin for oil. We're not even in the first inning yet, but the parking lot is beginning to fill up. :-)) Be happy, short an oil stock today. Jim