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

To: jim_p who wrote (29994)	2/18/2004 5:59:41 AM
From: jim_p	Read Replies (3) \| Respond to of 206092

For those still holding EP, don't think for a minute that the $1B charge is the end to the reserve problem. The reserves are based on the closing price for NG at Henry Hub on 12/31/03 which just happened to be $6.00 per Mcfe. If those same reserves were calculated in the last few weeks the charge would be $2.5B. The very fact that EP is now at it's full cost ceiling assuming NG prices of $6.00 per Mcfe is a very negative event that will haunt them for many Q's to follow. JMHO, Jim

To: jim_p who wrote (29994)	2/18/2004 7:51:41 AM
From: chowder	Read Replies (1) \| Respond to of 206092

>>> in the mean time buy the dips and take advantage of the opportunities that are given to you by the markets that are driven by emotion and not common sense. <<< Very good points. In looking at the charts, I spend more time focusing on the intermediate to long term charts than I do the daily. The weekly chart on any stock will show you the character of the stock, the daily chart shows you the emotional aspect of the stock. It's that emotion which causes the greater number of mistakes. It's that emotion that causes buyer or seller's remorse later on down the road. The stocks that provided me the best returns over the last couple of years have been the stocks where my focus has been on the longer term charts. Far to often people will make intermediate or long term decisions on a short term chart which will provide the wrong analysis for the time frame in which one wishes to hold. A look at the weekly chart for RRI shows a very bullish trend for those who are looking out 6 months or more. If one's goal is to take advantage of short term swings, then using the shorter term charts would be appropriate. The key is to match the correct chart and analysis to the correct time frame in which one wishes to hold. dabum