most bullish thing at this point is moving closer to everyone's psychological
$4 price target and that everybody and their dog is still short. next
sellers need to be from producer community. saw a little this week with
williams hedging the barrett transaction but wouldnt say thats indicative of
the rest of the e&p community. short covering rallies will get more common
here. velocity of move down has slowed significantly for good (except maybe
in bid week). my concern is if we go to $4 and people want to cover some
shorts, who's selling it to them? might feel a lot like it did when we were
trying to break $5.