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Gold/Mining/Energy : Mirant Corporation (MIR) -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (49)1/29/2002 11:19:52 AM
From: Outer-limits  Respond to of 903
 
No BOTTOM!! No matter what MIR or its analysts say BIG investors are fleeing this issue in droves. No reason to dollar cost average down at this point, none at all. If the stock can fall from my INITIAL entry point at 24.50, down to 16 and 13 bucks (where I bought more), and now down to an intraday low of 8.75, it can go below 5 bucks. No Sir, I'll be waiting for some kind of solid bottom before I test the waters with new capital. The only thing we've got to put a smily face on this situation is the fact that the entire energy trading sector (Dynegy, etc), is also collapsing. Damn that Enron, Damn them all to hell!!!!!!



To: Oeconomicus who wrote (49)1/29/2002 11:39:26 AM
From: Braincramp  Read Replies (1) | Respond to of 903
 
Their business model is a lot different than Enron's was. This company has hard assets to back them up. When buying, one has to take the long term view and not worry about the next few weeks. It takes a lot of confidence in ones investing ability to bet against the crowd.

Best of luck


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