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Post# of 704019
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Joe Stocks

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Joe Stocks

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Re: None

Wednesday, 11/06/2002 10:48:43 AM

Wednesday, November 06, 2002 10:48:43 AM

Post# of 704019
RRI- Spun off from CNP (REI) on Sept 30. 240 million shares were added to the float. A fair amount of those new holders are investors for income so they will and have been selling off those shares. RRI probably has some of the best fundies of the group but in my opinion has been underperforming because of the huge overhead. Looking at volume trends I believe we are getting near the end of the weak hands. IMO my bet is we see strong accumilation once we get the sellers out of the way. Now selling way below book.

Just an idea.

Joe

Joe

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