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Strategies & Market Trends : IPPs and Merchant Energy Co.s

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To: Larry S. who started this subject1/13/2004 12:02:12 PM
From: fromBermuda  Read Replies (1) of 3358
 
a note on the moribund Mirant...

Stock moved up over 45% this morning on share volume of over 13 million, which is about 10 million more than over the past six months' average.

Still it's only at $ .65.

The only news was about confirming plans to offer a 10% IPO of their wholly owned Phillipines operation for around $300 million.

This is not really new news, since it had been discussed preBK.

Seems to be a lot of interest on little real news...I'm sure there are still one or two out there like me sitting on some pre-July shares...Good luck, fB
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