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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: kodiak_bull who wrote (24633)	7/21/2003 4:23:31 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 206372

Re: RRI. You may be right about the mid 4's based upon further technical selling. However, there are a few news related events that could send RRI much higher from these levels: 1) Settlement with FERC on show cause order (BP settled last Friday for 3 mil) 2) Closing of Euro asset sale 3) Earnings I don't expect to catch the bottom, but again on a risk/reward basis I don't mind buying back from here and lower. I also suspect dividend paying stocks and utilities may gain back a little relative strength if techs continue sideways to down. I think much of the recent selling pressure in RRI is technical in nature (some momentum and some shorting from the newly issued converts). Since I don't think it's FA driven I've been buying back today at 5.20 and less.