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Strategies & Market Trends : Surfin' the trend
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To: waverider who wrote (2)9/20/2002 11:59:31 AM
From: waverider   of 37
 
SRE rationale:

The utility company is one of the few who stayed out of the nightmare tactics used by other energy suppliers this last year. Of the three major California utes, this one is the healthiest from my perspective, stayed out of the deals that sunk Edison and PG&E, and pays a hefty dividend, currently 4.97%.

Proable downside around 17.80. Bought a 1/3rd position today. Bought with an eye on proable support at 19.72.

Exit strategy: will re-eval if it breaks 17.80. Intention is a long term investment/dividend play.
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