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Politics : High Tolerance Plasticity
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To: kodiak_bull who wrote (18744)2/2/2003 4:18:27 PM
From: CpsOmis  Read Replies (2) of 23153
 
KB/Peter

I currently have RRI in my arsenal. Have had the mother company since '89 actually (Houston Industries=Reliant= CNP/RRI)

A point that really hit me on Friday was when I went to Thomsonfn.com and did the "IWatch" pattern. Now, we've been there before with the credibility of IWatch as a tool.

However, I think it is highly significant if you look at the full month view, that there is relatively low interest for the first three weeks, but HUGE amount of "SuperBuy" signals last week.

Now, on the one hand I've been told this is a contrary indicator, that there is "fishing" for price going on. I never quite understood that. But, given the fact that this re-fi thing is still in the works, what is your take on that?

Mine is that there is obviously some serious repositioning of risk going on. Perhaps some funds are selling the run-up to hedgefunds that shorted the run-up? Hey, choose your own scenario!!!!

Cosmo
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