PileDriver Posted June 16, 2003 Report Share Posted June 16, 2003 Doc said in AnalsThis is why the vast majority of investors always lose. They jump in at the end of a trend, not at the beginning. I was wondering if I'm doing the same by being a bear. the beginning of a new trend is about to start. I'm getting ready for it and I will chase it (early). Link to comment Share on other sites More sharing options...
roidrage Posted June 16, 2003 Report Share Posted June 16, 2003 Green-man helped hold market up just long enough with his talk on nat gas shortages in order for the last of the big boys to exit positions. Be CYNICAL anytime you ever hear any news or drivel in the media, especially when spewed by those in power. Coboy - kudos. insufficient cynicism on my part led me to react when Cramer pounded the table for natgas, but not when Sir Printsalot did. Fading Greenie was the trade. Link to comment Share on other sites More sharing options...
richmtn Posted June 16, 2003 Report Share Posted June 16, 2003 Funny you guys mention energy. It looks for all the world to me like a major top. This is a chart of Baytex, oil and gas. Link to comment Share on other sites More sharing options...
Guest Posted June 16, 2003 Report Share Posted June 16, 2003 Coboy - kudos. insufficient cynicism on my part led me to react when Cramer pounded the table for natgas, but not when Sir Printsalot did. Fading Greenie was the trade. I'm giving it an opposite read. The greenman was actually telling the truth for a change. I scared some people and so they released a report of some sort saying that storage inventories were up or some such nonsense. I believe that there is a shortage and it is going to wreak the big recovery story. Link to comment Share on other sites More sharing options...
PileDriver Posted June 16, 2003 Report Share Posted June 16, 2003 buying opp for NatGas stocks Many look very good to me. Market antics or not. Link to comment Share on other sites More sharing options...
coboy Posted June 16, 2003 Report Share Posted June 16, 2003 Coboy - kudos. insufficient cynicism on my part led me to react when Cramer pounded the table for natgas, but not when Sir Printsalot did. Fading Greenie was the trade. Thank you, but the comment wasn't mine. It was Linda Raschke's.. I think it was a very educational exaple Link to comment Share on other sites More sharing options...
wndysrf Posted June 16, 2003 Author Report Share Posted June 16, 2003 PileDrive is correct. Natural gas is in a bull market. This is the first serious commodity to "inflate" in reaction to Al Green's chronic lever pumping, Repo Blasting, money printing, etc. Buy all dips in this sector. APA, APC, NGAS, etc. should all be bought when Doversole. Link to comment Share on other sites More sharing options...
PileDriver Posted June 16, 2003 Report Share Posted June 16, 2003 PileDrive is correct. Natural gas is in a bull market. This is the first serious commodity to "inflate" in reaction to Al Green's chronic lever pumping, Repo Blasting, money printing, etc. Buy all dips in this sector. APA, APC, NGAS, etc. should all be bought when Doversole. may I add the following practically can't lose picks SGY SKE UPL CRK DVN DNR POG PPP OXY BR SM Link to comment Share on other sites More sharing options...
wndysrf Posted June 16, 2003 Author Report Share Posted June 16, 2003 Uncle Buck at fresh lows. Gold resuming Friday's boner run...... Link to comment Share on other sites More sharing options...
RockLedge Posted June 16, 2003 Report Share Posted June 16, 2003 regarding natural gas,... once that Alaska pipeline gets built by the US taxpayer... There will be a ton of it. That's why the politcal fight and all the drama. The bread & butter isn't the gas... it's the pipeline. As soon as there is supply, the margins crash. Get it? So in the mean time, we're getting hustled. If anyone out there thinks the oil bidness is honest... I'm sorry, IMO, the book of manipulation was written by them. Link to comment Share on other sites More sharing options...
rayok Posted June 16, 2003 Report Share Posted June 16, 2003 Funny you guys mention energy. It looks for all the world to me like a major top. This is a chart of Baytex, oil and gas. Your chart says nothing. It could just as well be a huge double bottom. Link to comment Share on other sites More sharing options...
The End Posted June 16, 2003 Report Share Posted June 16, 2003 I have been doing this since 1985 and I have never seen a market that is this overvalued. Can it get more overvalued, Maybe but, caution will be my name until we break out of the 965-1008 trading range. Happy fathers day to all you dads out there. Link to comment Share on other sites More sharing options...
PileDriver Posted June 16, 2003 Report Share Posted June 16, 2003 "new bull market" Ya know for awhile there it almost seemed plausible but now that some time has passed its absolutely ABSURD I mean what's there to be bullish about when there are no bears out there (16% ~= 0%) ? Link to comment Share on other sites More sharing options...
MyGoldenStool Posted June 16, 2003 Report Share Posted June 16, 2003 regarding natural gas,... once that Alaska pipeline gets built by the US taxpayer... There will be a ton of it. That's why the politcal fight and all the drama. The bread & butter isn't the gas... it's the pipeline. As soon as there is supply, the margins crash. Get it? So in the mean time, we're getting hustled. If anyone out there thinks the oil bidness is honest... I'm sorry, IMO, the book of manipulation was written by them. Sorry, but you're wrong here, at least on the NG story. When prices spiked 2 years ago, we had the most robust drilling activity in years, yet even with that added drilling, they were only able to increase reserves between 1-2%. They've been declining ever since, and the rate of decline is accelerating as we refine our techniques of extraction. Most new wells today experience a production decline of 40-50% in the first year. Link to comment Share on other sites More sharing options...
The End Posted June 16, 2003 Report Share Posted June 16, 2003 Pulled this from traders talk.com http://leavittbrothers.com/ChartAnalysis/C...Talk_061503.pdf Link to comment Share on other sites More sharing options...
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