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Strategies & Market Trends : The Amateur Traders Corner

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To: Bob who wrote (6548)	2/27/2001 12:01:40 PM
From: thestockrider	of 19633

I plan on buying back into EEE around $2. Last trip I bought at $1.98 and exited at $2.80. The current meltdown is due to an asset sale in Western Alberta that contained existing production and exploratory wells. EEE's last earnings report was less than stellar despite the recent purchase/management by Duke Energy. I had sold the recent runup at $2.80 expecting a reprise of failed execution, but financial numbers have not been forthcoming. Today speculators are bailing on the position. EEE has unproven Natural Gas reserves in Nova Scotia which may be significant. EEE is still up for sale and this asset sale may serve to clear assets off the books that the buyer may not want. The best information on EEE is available on the yahoo message board here: messages.yahoo.com -thestockrider

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