Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (34638)	6/2/2003 3:13:47 PM
From: energyplay	Read Replies (1) of 74559

Hi Jay - Sold all my ILA (Aquila) today, and 2/3 of MIR (Mirant), leaving some MIR in taxable accounts. Bought with proceedes TMR and CWEI both heavy, some THX, and a little CRZO. THX is marginable, CWEI isn't, TMR only slightly at Schwab. Both TMR & CWEI up slightly intra - day, covign transaction cost + plus a few pennies. Also THX up some. Both TMR and CWEI still way under valued, even wtih recent jump. Looks like someone told Wall Street about the natural gas shortage.....;-) Begining of month cash flow from institutions should start Wednesday or Thursday, last until June 10 or 11. Not much of that will flow directly to tiny stocks, but other traders will be able to sell big cap stocks at a profit and re-allocate to small caps. Still lots of short interest out there, mostly from hedge funds. Until these shorts get killed, that market won't be able to make another big drop. My guess in the shorts are getting hurt badly and the long only mutual funds are sticking it to them. Almost like a Bull / Bear fight....;-)

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