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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (2146)	2/3/2002 8:45:26 PM
From: Dave Gore	Respond to of 16631

STOCK #6 ANALYSIS: * MIR * (Dave G) -- strong buy -- MIR and its subsidiaries acquire, develop, build, own, and operate power production and delivery facilities and provide a broad range of energy-related services to utilities and industrial companies. For the nine months ended 9/30/01, revenues totalled $24.30 billion, up from $5.36 billion. Net income from continuing operations rose 96% to $533 million. Results reflect the Company's acquisition of Mirant Americas Energy Marketing, partially offset by higher provisions. Special Event - Very good conference call Friday. Cash flow and cash on hand much better than thought. Management says there is no need to raise add'l money in the quity market in 2002. Guidance was down a little fo 2002 but still a very healthy $1.60-1.70 EPS. PE down from 30+ last summer to 6-7. Enron exposure was very limited and already written off. 52-Week Low on 29-Jan-2002 $8.75 Recent Price $11.03 52-Week High on 22-May-2001 $47.20 Daily Volume (3-month avg) 5.85M Daily Volume (10-day avg) 9.16M Last Trading Day Vol: ---- 30% above avg. ---- Short Interest As of 10-Dec-2001 Shares Short 6.54M Percent of Float 1.6% Shares Short (Prior Month) 6.79M Conclusion: no problem but out of date data Clearstation: Most Actives And Percentage Gainer - positive alert! Last Price Quote is: -3.10%below 13-day EMA -31.60%below 50-day EMA conclusion: positive alert, should cimb above 13day and possibly test 50day sma. Fundamentals P/E Ratio: 6.79 (historically very low) PEG Ratio: 0.619512 (low) MACD - neg. but improvning STO: oversold Conclusion: positive Bigcharts: Boll.Band range = 8.80 - 16.60 20day sma= 12.60; 50day sma= 17.20 momentum (latest day) = positive money flow (latest day) = very positive OBV (latest day) = positive Stockconsultant: 75% Bullish 1st resistance at 11.90 +/- (weakest resistance, level 1), no significant resistance to at least 17+ RESISTANCE ABOVE +8.15% at 11.9 ± 0.41, type single, strength 1 +14.2% at 12.6 ± 0.43, type single, strength 1 +28.8% at 14.2 ± 0.49, type single, strength 1 +45.5% at 16.1 ± 0.55, type single, strength 1 Searched to 17.3 (+56.7%) over last 6 months. Conclusion: Could go significantly higher. Weakest resistance resistance directly above. Upper bollinger band near $16.60 and 50-day sma @$17.70. Suggest you check stockconsulant.com and watch news and analysts ratings this week and go to bigcharts and check OBV, Money Flow, Momentum, etc. or your favovite site. DISCLAIMER: DO YOUR OWN DD and T/A (technical analysis); This is my opinion based on data from other websites which may not be accurate. I am not an expert at T/A; Remember fundamental news can always overshadow the T/A.