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

To: ItsAllCyclical who wrote (27902)	2/10/2003 2:32:56 PM
From: Frank Pembleton	Read Replies (1) \| Respond to of 36161

IAC... RRI is something I did pick up in the low $4 range and yes, I did stop myself out...it's still on my watchlist and I intend on reload it soon. ...need to see a IT bottom in the markets first. Regards, Frank P.

To: ItsAllCyclical who wrote (27902)	2/10/2003 3:04:19 PM
From: isopatch	Respond to of 36161

Sorry, RRI has WAY too much debt and uncertainty regarding same, to be anything more than a trade - for my money. May play it again with that objective. BUT...... not matter what you say, it's a flip of the coin at to whether or not they get a refi on FAVORABLE enough terms for it to survive 2 years! Sure it's got assets. But as we've seen over and over, assets can end up elsewhere. And common share owners end up holding nothing but......THE BAG. Sincerely wish you the best of luck. But for my money? LT holds are reserved financially stronger plays. I've had many Intermediate and Long Term multi-baggers with LOW debt, lot's of good assets AND good mgt over the years. As long as I can do that? There's absolutely no incentive for me to assume substantially higher risks. Again the best of luck to you. I've got no position long or short in RRI AND done nothing with it since I sold mine at $4.73 for a very nice ONE week gain. Consequently, there's no profit in discussing this stock with you further. When I just don't care about an issue, I almost always give the guy who does, the last word:o)) Again, my complete lack of interest notwithstanding, I sincerely hope you are successful with RRI. Best regards, Isopatch