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To: The Jedi who wrote (33986)	1/24/1998 1:37:00 AM
From: Patrick Slevin	Respond to of 58727

OIL Somehow I answered this in the wrong place and will now get flamed for that as well, I suppose. Anyway, I copied it over here and will delete it from over there. ~~~~~~~~~~~~~~~~~~~~~~~ To: A Kiri (9564 ) From: Patrick Slevin Saturday, Jan 24 1998 1:27AM EST Reply # of 9565 Oil I did hear about the abundance of supply....I was particularly interested in Gasoline. Like I said, I don't say it's going up I just would be uneasy taking a short position this late in the game. According to the February issue of TA of Stocks and Commodities, the trading liquidity of #2 Heating Oil is less than 1 tenth of an S&P contract. It is also necessary to trade 17 of these contracts to match a similar move in S&P. Because on occasion I sometimes get a fill on S&P 30 or 40 points above my stop-loss I would be nervous trading 17 contracts to one with less liquidity in the case of a sudden spike. So, it just seems that opportunity lies elsewhere. No big deal. Preservation of capital is the thing anyway, no?