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Strategies & Market Trends : IPPs and Merchant Energy Co.s -- Ignore unavailable to you. Want to Upgrade?

To: Joe Stocks who wrote (252)9/27/2002 12:25:02 PM
From: Brian  Respond to of 3358
 
Buy low, sell high. Since everyone “knows” that RRI will drop as those shares from REI will become available for sale October 1, we have had very few buyers in September. Why buy when the perception is that the stock will drop in price. But in October those waiting will have nothing further to wait for, and that should be the bottom for the RRI share price.



To: Joe Stocks who wrote (252)9/27/2002 12:59:16 PM
From: NDBFREE  Read Replies (1) | Respond to of 3358
 
I expect the number of shares of RRI available shortly after 9/30 to exceed demand and the price to RRI to fall. I wouldn't be surprised to see RRI @ $1.75 or even lower during the period that RRI shares are getting into the hands of people who want to own RRI.


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