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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: nspolar who wrote (9230)	3/11/2002 11:51:56 AM
From: isopatch	Read Replies (1) \| Respond to of 36161

ns. Gasser targets? How bout "gain ranges " instead? ns, you already know my style well enough that I'll only repeat the following for others that may not be. *It's true I usually don't like to set targets. Have always found it's too easy to lock oneself into a mind set doing that. During my 1st 5-10 years of trading, slowly came to the conclusion that it reduced my flexibility and the nimbleness so crucial when Mr Market decides on a different price target<g> Setting a specific Intermediate or Long Term price target will also shift the balance of one's focus toward that price and away from emphasis on the over arching importance of trend - which I always give primary attention.* OK. Sorry for the digression. My range projections are based on my own recent entries on the gassers. And most of those are a lot lower than todays quotes. PQUE basis, for ex, is in the low $4.90s. EPEX, PQUE, CRK, PENG should all produce minimum gains of from 100 to 200% before this time next year. And IMHO, 2 of those 4 are likely to be hat tricks. BTW, I consider those ranges to be conservative.<g> Gotta run. Will try to post a little later tonight. Cheers, Isopatch