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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (17966)	2/7/2003 1:52:24 PM
From: Tomas	Read Replies (1) \| Respond to of 206179

EIA Raises Crude Oil, Heating Oil Price Forecasts By New York newsroom Washington, Feb. 7 (Bloomberg) -- U.S. crude oil will average $32.36 a barrel this year, the Energy Department said, up 5.8 percent from a forecast last month, as inventories are expected to stay below normal levels. Heating oil prices for U.S. homeowners will average $1.42 a gallon during the first three months of 2003, up 6.8 percent from $1.33 estimated in January, the department said in its monthly Short-Term Energy Outlook. _________________________________________________________ Short-Term Energy Outlook – February 2003 EIA, February 7 eia.doe.gov

To: energyplay who wrote (17966)	2/7/2003 2:18:18 PM
From: chowder	Read Replies (2) \| Respond to of 206179

>>> NYMEX March NG at $6.00 <<< And the XNG is dropping further. We've had three consecutive weeks of incredible draws and the XNG has been falling. This is why I'm on the sidelines. We have a disconnect between commodity prices and energy stocks. In the event of a disconnect, it's prudent, in my opinion, to sit on the sidelines until the connection comes back into play. High risk, high reward also means high risk, high losses if one is wrong. Warren Buffet has just two rules. 1. Don't lose money. 2. Don't forget rule number one. I used to think that those who were concerned with capital preservation were wimps. No guts, no glory. As I matured in my investing and thinking, I now think that chasing glory was a fool's game. I was very foolish to take more risk than needed to be taken. I found that being able to take risk emotionally didn't make me a better investor, just a foolish one. It takes courage to do the right thing, especially when we can't control the final result. Most of us take control in our lives and therefore can claim quite a bit of success. We can't control what the market does and therein lies a lot of frustration. The market doesn't care about who we are or what we do. The market is only concerned with matching the supply and demand of buyers and sellers. When the sellers are in charge, it's time to step aside and let them have their time, unless we're playing on the short side. If one is wishing to go long, it's best to wait until the buyers show up. I don't see a lot of buying here. dabum