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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?


To: Tom Hua who wrote (17405)12/19/2001 12:28:09 PM
From: herry iball  Read Replies (1) | Respond to of 19633
 
Energy stocks moving on up: CMS, MIR, DUK, PCX.
CMS worth a look.... Broke through recent double top....dips on the indices didn't affect, it was printing high of day.

Tom...do you think CMTO has room to move or was the gap up the high? It's been very weak, but like SONS yesterday, could get the last hour push.

Cheers.



To: Tom Hua who wrote (17405)12/19/2001 12:29:54 PM
From: Bocor  Respond to of 19633
 
U.S. confronts tanker in Persian Gulf


WASHINGTON (CBS.MW) -- U.S. naval forces stopped a Belize-flagged oil tanker in the Persian Gulf on Wednesday, with Iran saying that shots had been fired.

The U.S. 5th Fleet said the ship was piloted by an Iranian captain, Dow Jones reported. Iranian TV had indicated that two high-speed U.S. Navy craft had attacked the ship.

U.S. Navy officials said the crew was confrontational and that one was injured during the interdiction. There were found to be no violations of the Iraqi oil embargo and the ship was released.

An Iranian official also said that Iran was unsure why the tanker was boarded. The U.S. has no official diplomatic ties with Iran.

Maritime interdiction missions, as they're known, are common in the region as the U.S. enforces its embargo on the sale of illegally sold Iraqi oil. Currently, such work is ongoing off the coast of Pakistan as well in the search for fleeing al-Qaida forces. During such missions, ships are typically boarded by specially trained crew or naval commandos from the U.S. 5th Fleet, which operates in the Gulf.

In Afghanistan, the hunt for holdout al-Qaida forces and Osama bin Laden continues. U.S. Marines are working to secure airfield inside the Central Asian country ahead of the expected arrival of a British-led peacekeeping forces.

Despite heavy and precise bombing, it's still unclear if bin Laden had been cornered or if he has left the region. On Dec. 18, the Pentagon said no bombs were dropped during 164 sorties because there are fewer available targets in the country.

Even handling al-Qaida and Taliban prisoners is proving again to be dangerous. CBS News reported that a group of "several dozen" detainees overpowered their Pakistani guards and escaped. The group appeared to have been taken prisoner in the Tora Bora area.