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

To: aerosappy who wrote (78519)	1/22/2007 12:36:38 PM
From: ChanceIs	Read Replies (2) \| Respond to of 206281

RE: RJ on Gas Storage and EPEX EPEX is supposed to price its new stock offering tomorrow and has been pulverized in the market recently. NG is up quite a bit, and may go further if RJ is correct. Somewhere out there a hedge fund long on NG has imploded so we might see some NG price recovery on that. OK - I was speculating about the hedge fund, but you have to figure that the long expected bursting of the crude bubble has happened - the system has been reset - and we are now ready to resume the advance under the crushing weight of Hubbert's Peak. Given all of that, does it make sense to tear off a really big chunk of EPEX this afternoon?? The market hates uncertainty. Uncertainty in this case is the price of the new EPEX shares, or how well the offering is accepted. I haven't studied this one in detail, but sometimes they are oversubscribed - good. Sometimes, the investment bank has the opportunity to buy shares for its own portfolio and doesn't - bad. If you wait to see what happens, then you won't get any reward. Thoughts anyone??????? I am leaning towards jumping in. Its a shame the options spreads are so bad. I checked earlier, and the bid on the Feb $12.50 puts was zero.