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


To: energyplay who wrote (8834)9/28/2001 6:03:23 PM
From: Libbyt  Read Replies (1) | Respond to of 23153
 
>>i think it is form of "flight to quality" and out of Tech/Nasdaq...Being bought HEAVILY by people not familar with energy sector<<

I will be the first to admit that I still have trouble really understanding this sector. I've learned a great deal by lurking and reading some of the posts on this board. I would agree that those who are taking money out of technology see this sector as extremely reasonably priced...and "safe".

However, the flight to safety & mid east concerns will still tend to limit any sharp drop in energy.
The Risk/ reward of shorting NG stocks has changed.


Any military action would IMO most likely drive the prices of oil and gas higher...if only for a short period of time.