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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (8803)	9/27/2001 10:04:46 PM
From: kodiak_bull	Read Replies (1) \| Respond to of 23153

Here's a note I wrote to SEOD in response to the musical question: is a RIG food fight positive for the OSX sector: Sharp, Don't get too excited; I think it's (this food fight is) a false positive. Lots of end of month pressures and shenanigans here is my guess on today's bounce; maybe it continues for a little while tomorrow. OPEC's decision is ultimately bearish for the sector, oil prices appear capped, product is building, natural gas storage is close to 90% of physical capacity in places and we're on a pace to have a record NG storage within the next 6 weeks. It's all pretty bearish to me. What's bullish? Individual stock prices seem to be getting low, although many are still a distance from their 1999 lows, and those lows took place in the midst of a pretty robust world economy. It would take a cruel sense of humor to call this world economy robust, wouldn't it? This "war" isn't shaping up to be the petroleum event we've had in the past (surprise, it IS different this time). What catalyst can you see which is going to put these drillers suddenly to work? I'm in no rush to put capital to work with such a downside risk still in place. As Paul Newman said, "Sometimes nothing is a real cool hand." Kb Contrary views welcome.