IPPs and Merchant Energy Co.s Message Board

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Strategies & Market Trends : IPPs and Merchant Energy Co.s

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To: Larry S. who wrote (228)	9/26/2002 7:21:42 PM
From: Joe Stocks	of 3358

RRi- Larry,was out most the day but before I left at 10:00 I put a limit order buy on RRI @2.08. I see that someone was kind enough to sell me their shares. I think RRI is a steal here and could get cheaper with all the new supply coming into the market. Question I have is the anticipation of lower prices driving prices down now. I think that may be part of the case and that's why I'm buying and will continue to add. I already have a fair amount of REI stock so I will have additional shares there too. When everything is all said and done I will have about equal dollar amonyts in each if my calculations are right. REI I plan on continueing to hold for dividends and any covered call premiums I can squeeze out of it. RRI shares will be more for trading but i plan on holding them at least through the ORION refinance announcement. Larry, I feel real good about this REI/RRI play. As good as i felt when ILA was down in the low 2's, DYN @56 cents and EP at 5.60. As you may recall I was fortunate to buy REI at sub $5 a couple of months ago on the big dip. The energy plays have really been fun. Only plays I'm willing to risk playing long except gold stocks. Joe

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