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To: The Vet who wrote (21210)	9/16/2006 7:17:34 PM
From: LoneClone	Respond to of 78408

Thanks, Vet. I thought I had pretty well figured out the quotation you are deciphering -- albeit certainly not well enough to take a chance and post my thoughts -- but your post reveals I was only about halfway there. I have saved it for refresher purposes. For a veterinarian, you really know your investing... <vbg> LC

To: The Vet who wrote (21210)	9/16/2006 8:04:50 PM
From: koan	Respond to of 78408

Thank you very much for that explanation VET. That is important to know. I knew what backwardation and contango's were but didn't think about how they get that way beyond basic supply and demand speculation going forward. I could not have figured that out-lol. Now I know what people are wondering about when I try to explain wts-lol. I read that several times and am still a bit foggy. Now back to reading it again-lol. Thanks.

To: The Vet who wrote (21210)	9/16/2006 8:13:16 PM
From: koan	Respond to of 78408

Boy, I had to work on that last long paragraph-lol. It was like thinking in reverse i.e. up is down and down is up-lol. I kept wanting to think, but the shorts would be better in a contango-lol.