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

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To: Think4Yourself who wrote (30301)	2/26/2004 10:08:37 AM
From: jim_p	Read Replies (1) of 206140

It's a very difficult stock to predict which way it will move since it already has over 100MM shares short. I try to avoid stocks that have this high of a percentage of the float short. Good luck on the puts. More news on my favorite: 02/25/04 04:29 pm EST... S&P REITERATES BUY SHARES OF RELIANT RESOURCES (RRI 7.25***): Shares of RRI and Williams Cos. (WMB 9.2*) are up today about 9% and 5%, respectively, after WMB's announced settlement with California over refund obligations and uncollected receivables. WMB appears to have settled refund claims for about 1/3rd less than the maximum gross FERC calculated obligation and stands to collect about $140M from larger overdue receivables owed by California. We estimate RRI will collect $70M-$200M from a similar resolution. Assuming a similar 1/3rd discount on RRI's gross FERC refund calculation, RRI would collect $150M in overdue receivables. /C.Shere-CFA Jim

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