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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: ItsAllCyclical who wrote (25153)1/9/2003 12:01:28 PM
From: Threshold  Respond to of 36161
 
Same problem here. As RRI continues its run it consumes a larger percentage of my port.

It sure is a nice combo with the gold stocks. Keeping some dry powder for now.

I spent 16 years flogging tech to the suits, and do not see any recovery for some time to come. No new killer applications, yet 95%+ of the top volume stocks on the Naz continue to be tech. My old customers are NOT buying.

I think the big boys are dumping into the rallies.



To: ItsAllCyclical who wrote (25153)1/9/2003 12:04:26 PM
From: jeffersonkeith  Read Replies (1) | Respond to of 36161
 
RRI and many of it's peers look seriously overbought here. Started a short on XEL, but if ones broker allows sub $5 shorts MIR, CPN or RRI could be nice percentage swoons.RRI is better leveraged than it's peers and assuming refinancing goes smooth you might get your double digits but IT I'm looking for a breather here. Good luck!