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To: kodiak_bull who wrote (12477)2/18/2002 2:57:57 PM
From: RWS  Read Replies (1) | Respond to of 23153
 
Bull and Bums,

FST is an interesting chart. A triple bottom at $23.50 with a triple top at $29 since last Sept. If $23.50 holds it should revisit $29 and possibly $39. However the weekly chart shows this range as a downside consolidation that targets $14.50. Three hits at the top and the bottom of a box are usually the max.

They sold marginal properties and will have less production in 2002. They're developing new deep wells in Alaska and expect a boost in 2003. Someone(s) are holding a huge number of FST May 25 puts.

Any technical or fundamental insights on which way this may go?

RWS