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Re: south louisiana post# 92864

Tuesday, 04/01/2003 3:23:30 PM

Tuesday, April 01, 2003 3:23:30 PM

Post# of 704047
I bought back an average size RRI position today. I hold no MIR common, but I do have MIR bonds. No changes there. I need to see MIR 4th and probably 1st quarter numbers before getting back into MIR. I don't like flying blind, especially when there are a bunch of other undervalued stocks around that have full information available. I thought about Blackstone and a possible MIR strategy to keep silent, but it felt like an excuse.

RRI is undervalued but not a screaming buy, because of the CA/FERC uncertainties.

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