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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: chowder who wrote (22348)	5/8/2003 4:28:55 PM
From: CommanderCricket	Read Replies (3) of 206321

Dabum, I must confess, sold all my RRI shares at $5.10 - $5.15. I had a 6 figure position in RRI and just about tripled it. Made a snot load on RRI since November. Currently 100% cash - it's been a long time. The problem I have with RRI short term is it's no longer a bargain. $0.50 a share gives it a P/E of 10. I don't trust the higher end of $0.70 anymore. For a struggling utility, without firm guidance, I'll pass for awhile. IMHO, RRI is currently at fair value. Time to get back to my roots and start buying the E&P's and OS stocks again. Why would DVN be down today with such outstanding earnings numbers? I really liked OEI and made money with it back in 99. Sounds like a nice disconnect to play. Michael

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