Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: Libbyt who wrote (36)	10/14/2004 9:50:50 PM
From: jim_p	Respond to of 13449

Libbyt, I do think it will trade higher in the next month, but most likely not until after the elections. RRI should have a debt restructure announcement soon and the credit has been upgraded to a positive outlook. My guess is they get another credit upgrade along with the debt announcement. I also think the 3Q expectations are in the stock since a number of their peers have already disappointed for the same reasons. The main risk short term is the market in general, which looks pretty ugly right now. Odds favor a major move down vs. a move up in MHO. Earnings expectations are way to high without the effect of higher oil prices and higher oil prices will be the killer that everyone is now saying is not a big deal. I'm 80% cash and waiting for a good opportunity to buy into the market. Jim

To: Libbyt who wrote (36)	10/14/2004 10:21:01 PM
From: Sweet Ol	Read Replies (1) \| Respond to of 13449

RRI chart is kind of funny from an EW view. If we look at the weekly we see a correction wave that has turned into a flat (which is legal from an EW analysis, but is rather rare.) But, it has only retraced about 20%, and it almost always goes down to at least the 38.2% Fib level. Very strange . . . stockcharts.com I nibbled a little for a ST trade, but I really think a bigger correction is lilely. But, I have been thinking this for a couple of months. WDIK??? Best to all, JRH