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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (33957)9/1/2001 3:41:13 PM
From: American Spirit  Respond to of 37746
 
Energy stocks will rebound ahead of the winter.
They are at or near their lows now. Many have very low PE's and tremendous earnings though right now NG prices are depressed. But out here in Calif gas prices are still about $1.65 a gallon. They're making a lot of money, though not as much as during the 10 months of gouging. Energy stocks are also a defensive play and a hedge. And expect them to jump whenever Bush's energy plan gets through the Senate. That is full of fat pork for the energy cartel.



To: mishedlo who wrote (33957)9/1/2001 3:44:01 PM
From: American Spirit  Read Replies (1) | Respond to of 37746
 
On energy stocks. biz.yahoo.com
The article says it may be too early to buy but also that buying may resume at any time. So if you want in ahead of the crowd buy now (or whenever you guess the bottom has been put in). It's all guesswork. I got some HAL yesterday below $28 and I'm happy about it. I doubt it will stay down in this area for long. But we'll see. I sure wouldn't be shorting energy stocks now. Are you?


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