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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: chowder who wrote (20)10/14/2004 1:13:37 PM
From: jim_p  Read Replies (2) of 13449
 
Brother Bum,

Unfortunately I expect RRI to disappoint on operating earnings due mostly to cooler than normal weather in July and August in both Houston and the Northeast. RRI will have a very nice gain on the sale of it's hydro assets, but the market should have already factored that in.

I bought back in yesterday between 9.75 and 9.95. Looks like I'm at least a day early.

RRI typically under performs the two weeks prior to earnings, so I don't expect any help over the next two weeks.

RRI could also be getting hurt from the melt down of CPN (which is well justified).

stockcharts.com[h,a]waclyiay[pc20!c10!c50!c89!c40!c30!c200!f][vc60][iut!Ub4!Ua12,26,9!Lh14,3!Lc20!Ld20!Lj[$spx]!Lf]&pref=G

Jim
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