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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (16427)	2/14/2003 6:19:39 PM
From: Wallace Rivers	Read Replies (1) \| Respond to of 78523

Sold NKE at a small profit today. Still think the market is locked in a trading range, didn't think that purchases of sneakers and golf clubs is high on everyone's list, what with a lot of the nation's discretionary spending being allocated to duct tape and plastic sheeting. Bought more SGH (Star Gas Senior Sub. units) yesterday, still betting that the dividend will be raised to parity or close to parity with SGU (Star Gas Common units) given that the company is the largest heating oil distributor in the NE and mid-Atlantic, and that heating degree days are running 5%-6% greater than normal (and 25%-30% greater than last winter) in these regions. And, the weather continues to be very cold, down to 30 degrees below where I live last night, with a high of a balmy 3 degrees above today! Some have said this is little more than a bet on weather futures, I don't see it that way, as I think an exceptional winter is virtually a done deal.