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

To: Dave54 who wrote (53547)	11/16/2005 3:50:49 PM
From: joearenagates	Respond to of 206147

Tanker rates in the VLCC market are now ws214. This is up from a low around ws40 earlier in the year. Be careful using tanker rates as an indicator of crude demand. There are other factors which can cause rates to rise, such as weather delays. This causes ws rates to rise, but it is due to a shortage of tankers rather than an increase in demand. I traded FRO last year, made some money and collected some nice dividends, but lost 1/2 my profits in December when rates unexpectedly tanked. There are much more compelling plays in energy. The tanker business has always been very unpredictable. Disclosure: very long UPL and CHK. JA

To: Dave54 who wrote (53547)	11/16/2005 9:02:49 PM
From: chowder	Respond to of 206147

>>> Speaking of which, do you watch FRO? <<< Dave, I don't watch anything. I run my scans daily and decide what or whether to play that day. FRO does pop up in my daily scans from time to time though. Today was a bullish day for FRO as price bounced off long term support, the 200 day moving average, and formed a bullish engulfing pattern. This would suggest higher prices. I'm not sure yet if price has the energy to break out above $45 though. That view could change in the next day or two. I see higher prices at this time, just not sure if price will go above $45. stockcharts.com[h,a]daclyiay[d20050916,20051116][pb50!b200!f][vc60][iut!Lah12,26,9!Lc20]&pref=G dabum