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To: ItsAllCyclical who wrote (50519)	9/7/1999 1:07:00 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

I was wondering the same thing...

To: ItsAllCyclical who wrote (50519)	9/7/1999 3:36:00 PM
From: SliderOnTheBlack	Respond to of 95453

MEXP ..... let's light this candle ~ !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! << Slider - You must be the one selling RRC today then...>> Jim, John Doyle, et al; MEXP's volume here is not enough for me to make a concerted transfer in a day, or two from RRC to MEXP - so chill; trust me - I will not do anything to ''move'' RRC - believe me I can't ! this is a myth (VBG) !.... anyway, quit complaining & buy any & all weakness you see in RRC - but, be smart - don't chase teenies, or eighths... sit at $4 3/4's & again at say $4 9/16ths - make it come to ''you''. Remember it ran over 40% in the last 8 trading day ''news'' cycle. RRC is just fine here... the shorts want a break solidly below $5 - running stops & triggering margin calls - I am watching the volume, because it will be the signal - they imho, will break through to $4 7/8thish - from there, they cover depending on how strong the buyers are... but, they will cover strongly prior to the JV announcement. I think I would chip away here if I was a short; then really pour it on on the open next Monday... triggering stops & margin calls - then look to cover into that selling the next couple of days... To answer another; Yes I have started buying MEXP - from Friday when I said I did. I raised a little cash and am building a position. This isn't doubling today folks - relax; lots of time to buy. We actually had strong buying support at $2 3/4's a while back - only to see the weak handed get shaken out when no BOM news was forthcoming, then this recent selloff on Nat Gas & the short run on MEXP. I will try to remain much, much more heavilly leveraged to RRC - and will continually average into MEXP - allthough I do own a nice piece here(VBG). I have no qualms about averaging into MEXP all the way through $3 as it shows support at each level - which it will. This has more ''timeliness'' upside post Oct. 15th than it does from now to Oct. 15th. The reason I am not waiting is it is so ridiculously cheap and while Raymond James is forthcoming about issuing a new report post the Oct. 15th meeting with the Bank; another analyst is reportedly via their brokers issuing bullish statements here; as that filters out; it could run quickly to $3 - but, I do not think we see ANY institutional activity prior to the Oct. 15th meeting. Imho; the ''rush'' to buy MEXP is only in that it could move 15%, or so a day for the next 4-5- days in a row. You will not miss the major move and the Big Picture for MEXP if you do not buy right here.... this is why I am not worrying about trimming RRC as it moves up and slowly, rotating more $ into MEXP - even if MEXP is moving up. I have no problem buying nice lots of MEXP at $3 here - if the tape shows technical support... MEXP will EXPLODE off of the BOM news - guaranteed. The Yahoo & daytrading crowd will do a 1 day 33%+ run up - guaranteed....upon the news. I would not necessarilly recommend trimming RRC in favor of MEXP - a tough call; for anyone really desiring to play it - it depends entirelly on the day to day volume in MEXP - watch the tape, when you start seeing those 3,000 - 5,000 buy orders hit - then it's going to move. All of these 100 lots & a few 1000 orders, here & there are not going to take this too far - too fast. While there is not much daily liquidity in MEXP - volume often below 100K - it moves mainly in the last 90 minutes of the day and has often run hard in the final 30 minutes - smart traders there... But, look at the volume on the huge selloff when the Institutions dumped - folks, there is a whole lotta buying left before this story is done... we've also ramped to a few multi-hundred thousand share days. If I had ''spare'' cash - I'd buy MEXP right now - and I mean ''now'' , today in the next 5 minutes... But, if you are fully invested and like your positions - like RRC ; take your time - average in, buy a few shares here and there. MEXP will be a 12 month story here.... Remember when OEI was $3, when APA was $17, when RRC was $1 1/2, when XTO was $4, when UPR was $7 - no one thought these companies would ever double & triple from the doomsday days of January - go look at how these E&P's have moved people ! MEXP is no different - same story, just later.... as this 75 year old, family run company has conservatively, slowly gone about their business. The Oct. 15th BOM meeting is their upside driver - the Bank of Montreal news is going to be released post Oct. 15th; MEXP then, will see the same type of tape action that XTO UPR OEI etc say - doubling, & tripling - Bank on it. History will repeat itself - it's only a question of where and when do you want to get in... do you want a quadruple, - buy now, a triple - buy right before the Oct. 15th meeting - as the volume picks up, if you want a ''double'' - buy after conformation of the agreement... your choice (VBG). how much money do you want to make - how much spare cash do you have & how much do you like your present positions ? - personally, I want all the marbles... all the gains and I am buying now. I have limit orders in for today and I will make a decision near the close at market prices and I will rotate in & out of RRC as the action dictates --- and ooooooh do I love the action ! Notice the 3/16ths spread on MEXP here ! - it's starting and the specialists know that it is !