RE: todays aga

I have no good thoughts about the market. everybody wants it to go down to 2.80 so I covered my short at 310-5. cash very strong at these lower levels with some gen load. should act to flatten curve as good producer selling in back. playing range and selling vol. think aga may surprise lower than expectations.

-----Original Message-----
From: Fraser, Jennifer
Sent: Wednesday, July 18, 2001 9:13 AM
To: Arnold, John
Subject: todays aga

1-willtakeacloserlookandlet you know
2- helped out-resigned but were led in that direction.
3-what do you think today and through next wednesday?
-----Original Message-----
From: Arnold, John
Sent: Wednesday, July 18, 2001 7:32 AM
To: Fraser, Jennifer
Subject:

1. Did API's indicate that there may have been switching from resid back to gas?

2. Did the 2 crude traders that left quit or get fired?