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Strategies & Market Trends : Jim Rogers -- Investment Biker -- Ignore unavailable to you. Want to Upgrade?


To: Thomas M. who wrote (60)2/14/1998 12:34:00 PM
From: craig crawford  Read Replies (1) | Respond to of 213
 
<< After being introduced as bearish, he chided the host (Sue Herrera, I believe), and reminded her that he is still net long the U.S. stock market. >>

Actually it was Maria Bartiromo.

<< and big foreign oil E&Ps like Elf and Total. >>

He also threw in BP. After saying he was bullish on crude oil prices Maria started mentioning US oil companies he commented that it was best to stick with the foreign ones. He said he wasn't interested in the oil service sector.

He reiterated his skepticism/bearishness on Russia.
In keeping with his recent comments he said he is keeping his eye on all the base metals because they have been hammered, but right now he is long heating oil futures (out till next Jan I believe) and rubber futures. Still short Muni bond futures (March contract).

Jim mentioned that he did not approve of countries that pegged their currency to the dollar. He would rather they just run a sound currency. (This was brought up because there is talk of Indonesia pegging their currency). He thinks Indonesia will cease to exist as a country in 4-5 years.

When they were interviewing a fund manager the guy brought up Unisource (UNS) as one of his favorites. Jim said he owned that.
Here is a chart. I hope he has only bought in the last few years.
quote.yahoo.com