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

To: JustInTime who wrote (22971)	5/23/2003 9:35:13 PM
From: chowder	Respond to of 206093

>>> Never could understand how people can say "I'll buy it when it gets higher"...lol. I know it works for some, just not my style... <<< Would you pay 200K for a house that would not be worth more than 210K and had the potential to drop a 1/3 of its value? I would rather buy the exact same house you bought for 200K and I'd pay 210K but the neighborhood now indicates the house can increase in value to 300K. The same concept applies to a stock. Where some are concerned about price, I'm concerned about movement. I'm concerned about the odds for appreciation. Resistance levels are like zoning laws. Resistance is zoning your property for a rail road trestle or a warehouse zone. Now your property depreciates in value. I'll pay up if my odds increase that the potential reward is greater because of the movement. Breaking resistance is zoning my property for an exclusive golf course and high priced development. Stocks very rarely break resistance on the first try. Sometimes it takes three or more tries. Other times it never reaches beyond. Since we don't know what happens at resistance, I do know that if we go beyond that point with decent volume, I then have a high probability of success. I'll pay up because I'm getting more value. There's a big difference between cheap and inexpensive. There's also a big difference as to what side of the trend you are on. I will pay up to insure the price will continue up. It's one way to mange risk and protect capital. I think of it as success insurance. dabum

To: JustInTime who wrote (22971)	5/24/2003 8:30:46 AM
From: John Carragher	Respond to of 206093

xon...some weekend data... from retiree news. world class gas find confirmed late 2002 in Australia.. xon 50% interest. latest estimates place the find at 20 trillion cubic feet of recoverable gas. discovery made in 2000 xon...replaces production for ninth consecutive year. addition to reserves 1.9 billion oil-equivalent barrels in 2002 replacing 117 percent of production, including property sales, total reserves 21.9 billion of proved oil and gas year end 2002. xon ...china refinery in Quangang, Fujian province expand from current 80,000 bbls per day to 240,000 per day. also construction of 800,000 tons-per-year ethylene,polyethylene polypropylene as well as chem distribution and marketing project to operate 600 service stations. Partners sinopec's Fujian Petro and Saudi Armaco. xon...lubricants china three gorges dam supply 14 hydro-turbine units lubricants.. Porsche new line of Cayenne sport-utility Mobil 1 xon.... Hibernia marks five years old... producing 200,000 barrels a day. xon..pipeline with Nippon Steel and Mitsui Co. to commercialize a new steel, 20 to 50% stronger than current pipeline steels.