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


To: GREENLAW4-7 who wrote (18767)2/23/2003 8:57:11 AM
From: Frank Pembleton  Read Replies (2) | Respond to of 206105
 
Greenie... I'm a bear here too. There isn't an oil executive out there that wants to rubber stamp a huge exploration budget, at least not with the perception that crude will be trading at half the price that it is now. As for the demand equation-- let's see how a constant $60 oil/$10 gas attracts customers. It'll shrink economies until it becomes priced "right."

IMO, this sector dead money at best. For me it's been worse, seems like every time I decide to take a small position I get quickly stopped out. I've tried to be bullish but I can't afford to be.

Regards,
Frank P.



To: GREENLAW4-7 who wrote (18767)2/23/2003 9:03:08 AM
From: russwinter  Read Replies (1) | Respond to of 206105
 
<Its probably because you bought like many did last spring when OSX was at 110.>

No, my entry levels are well below these levels (probably 80-82 on the OSX and now 20% lower on the E&Ps) and can be viewed (in some detail, go back to Nov.)on this thread.

<little more civilized regarding others opinions>

I have no problem with your "opinion" and until now I've left you alone. What I am mocking now is your rather worthless presentation of it.

<why many bears refuse to post on this board>

Truthfully, I'm looking and hoping for an insightful energy bear to get on here and intelligently balance the argument some. If you were to go to my PM thread, you will even see me, a gold bull doing that on occasion and I think some of my friends there are a little disappointed when I do.
Subject 51846
I'm not locked into anything permanently. I'm even openly seeking out good input on the demand side of the equation: where it's possible my bullish energy views might eventually break down (price elasticity). But unfortunately, you're not it (the insightful bear), and have provided nothing of substance on that score. The only thing I've seen you do is come on here and chide and try to demoralize the bulls at the low points (when they should be buying), and I don't see that as a good function, favor or service at all. In fact as you can tell, I'm more than a bit POed about that. But hey, sorry if you felt it was too personal? Maybe you should get out of the kitchen, if you're that sensitive, cause I ain't lettin up?



To: GREENLAW4-7 who wrote (18767)2/24/2003 12:41:23 AM
From: Cogito Ergo Sum  Respond to of 206105
 
Greenlaw,
By all means don't let me alter your trading style, keep buying. You sound like someone trying to convince themselves into a positon. Substantive argument is historical data. This pop in NG will be short lived as will the OSX anywhere near this area.

No, I am not heavily short yet but will be sooner then you think. Your bull argument has done wonders for OSX over last 5 months. NG pops from 2-6.5 and OSX is still below 90, and actually most stocks are in a down trend.( not to mention crude above 36)


Gee sounds a lot like POG and miners ;o)

Me I dunno BUT I stick to CanRoys mainly because it's tricky out there and I have low ACB's from after the last NG bubble dumped. My few EP's are long gone after modest profit. I do have a tasty little load of RRI thanks to posters here and especially energyplay.

The CanRoys I buy em' on the low side and hang on. If valuations get stupid silly (ie. AVN.UN(TSE) is on it's way), well yes I'll sell a bit. I stick to those that hedge well. One exception right now is a swing trade in NCN (they don't hedge much if at all) from the lower 10's CDN.

FWIW.. Don't stop posting. Hearing only one side can be dangerous to my financial health ;o)

regards
Kastel CCC and mp3 junkie
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