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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (15542)	12/21/2001 7:58:07 PM
From: GREENLAW4-7	Read Replies (1) \| Respond to of 99280

MISH, I started several shorts yesterday in OSX..ESV, NBR, NE, GSF..I hedged these OSX trades w/ the IPP's CPN, DYN and MIR I expect crude to hit 20 perhaps on monday, but to roll over after the news of OPEC's cutting is over. We are so heavy in CRUDE supplies that it will take us until late summer to work through the inventory. I compare this period to the fall in crude to 10BBl, but that I donot think will happen. I see 15-20 as the trend..and perhaps 22 as the near term top. study the OSX its in a very toppy area..and crude is only at 19.5 BBL. I think there is expectations that economic recovery is at hand and this will bode well for crude. I donot agree, and I think its a false start in the OSX. Some of these stocks have moved SIGNIFICANTLY over last 4-5 weeks even as crude has been weak. All in anticipation of OPEC getting act togeather, and they will but crude will not head above 22 for a while. I do believe in OPEC and by the end of the recession as demand returns..so will 25-28BBL crude. Good luck!!