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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Pilot who wrote (8706)	9/12/1998 8:25:00 PM
From: LTK007	Respond to of 29382

Thanks Pilot for article and from that article I see one cautionary factor--here is qoute < The American Petroleum Institute reported that over 6.5 million barrels of crude had been sucked out of storage tanks last week as storms slowed imports from the Gulf of Mexico.> The problem being is that the storms delayed the in coming supply, but what happens when it finally comes to port---the cautionary remark I had read on another tread was a person saying this inventory fall back is only temporary because of storm factor---it remains a tough call.The one thing though that could set the prices to gap up would be an outbreak of hostilities between Afghanistan and Iran--what I am thinking is taking a position and then hedging with defensive puts-- I know a lot of people are counting on the LA NINA effect this year-- that is the reverse of El Nino(My keyboard does not have that squiggly thing for the soft spanish N)---meaning a cold,severe winter--all quite interesting this--Good luck,Max