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

To: jimsioi who wrote (25570)	1/14/2003 4:35:57 PM
From: isopatch	Read Replies (1) \| Respond to of 36161

Jims. Yep, we're a tad early. But not much. And certainly not enough to be be showing anything but a nice overall paper gain in the E&P segment of the portfolios. And, we're going to have by far the best basis' when it comes time to take some nice profits. Late comers will wait till it looks like a sure thing. And then, up, as W.S. begins or is about to begin touting the gassers so their big private clients can dump their shares on the clueless investing public. And so it will always be. The financial media does a great job of keep them totally in the dark about what's really going on. First primary wave up in a new gasser cycle will always be greeted by disbelief, skepticism and doubt by the overwhelming majority of web thread participants and industry people. In the pre-EW days, believe Stan Weinstein used to refer to it as the <Accumulation Phase> which is the earliest act of a new bull. Majority argues with the slow sometimes laborous upside trend, some even shorting the sector, as the smart LT and professional money slowly accumulate their LT & IT positions. The <Recognition Phase> corresponds to EW #3. Then it's easy to get people to jump on board. And with the notoriously short attention span of web folk<g>, nobody will even remember what happened in EW #1 - the Accumulation. Looking at our gasser sector, right now, unless the bottom completely falls out of the broad market indices in the next 2-3 weeks? We are going to enjoy a very strong rally in the NG stocks. Isopatch