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ctb

08/31/06 10:31 AM

#10771 RE: falconer66a #10770

great post falconer.
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Nelderand

08/31/06 11:04 AM

#10773 RE: falconer66a #10770

Falconer......"Discounting" is a word with multiple meanings. Stock markets are "discounting mechanisms" which simply means that at certain junctures the prices of stocks are "marked up" due to future positive expectations. In this case, "discounted" means that once the first set of wells comes in successfully, investors will push the price of the stock up in anticipation of more successful wells to come. This only means that a stock market is a "forward-looking entity."

I believe that I have used the term correctly as it pertains to markets since markets will continuously be "discounted" in both directions- up and down. The term can be a bit confusing to those who do "discount shopping", though.

Thanks,

GR
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RedShoulder

08/31/06 2:03 PM

#10774 RE: falconer66a #10770

Excellent post falconer. Good to hear from you, and read your thoughts and opinions on AMEP. You post seldom, but they are always gems of wisdom.

GLTY falconer,
...hawk
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RJ Trotts

08/31/06 2:37 PM

#10775 RE: falconer66a #10770

Hello Falcon...and as already stated great post by yourself. And thanks for your time. I look forward to reading your posts always. Very nice insight...RJ