Mirant Corporation (MIR) Message Board

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Gold/Mining/Energy : Mirant Corporation (MIR)

MIR 25.97

+7.0%

Jan 9 3:59 PM EST

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To: Alex Chilton who started this subject	2/21/2002 12:42:55 AM
From: howsmydrivingal	Read Replies (2) of 903

Well, at what point do you make a stand? Been watching CPN and MIR for a little while. Bot MIR long today @ 8.14. Scared to do it although I like the fact they sold assets recently and received more than the original offer. Shows that the assets are truly valuable. Scared because I traded into this stock on a purely technical basis of seeing a double bottom pattern intraday today. Seems like technicals and a dollar gets you a cup of cheap coffee anymore. But, I could not resist the very sharp drop on hardly any volume between the 8.60's and 8.09 range this morning. I watched it a bit, saw a few larger sales that quickly sent the ask back up to the 8.24 range and thought it my chance to hit a half point or more intraday. My order filled at 8.14 and here I sit. Feeling great at my fortune for the low entry but also nervous (too nervous for the perceived risk reward that seems inherent at these levels) about the potential for further loss of capital that almost seems arbitrary anymore... Maybe I'm just losing my stomach for the markets...

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