Replies to post #53503 on Zeev's Turnips Patch-No Politics (ZEEV)

[KyrosL]

It seems to me that some utilities and beaten down IPPs, are great longs at this point, especially when compared to techs. I think there are huge fundamental forces that argue against techs as longs for the foreseeable future. Similarly there is clear fundamental value in utilities and selected IPPs.

Kyros

[ItsAllCyclical]

MIR reports this week. AYE got upgraded hence the strong sector showing in a weak market. I'm about 50% RRI here and 50% gold stocks. Rather aggressive, but I can't find any other IPP, util that I like nearly as much as RRI. Short term, MIR would be my 2nd choice in the utes, but mostly as a trader. Unlike other IPPs, RRI has not had to sell any assets. They have 2.7 bil coming due in Feb. Unless they were simply negociating terms, they'd be looking to sell some assets...just in case. Given that they're not selling assets and they just refi'd in Oct on favorable terms this one looks very good. I plan to hold till at least 10+.

Basis in RRI is around 1.85. Have KGC, PAAS, BGO, MNG in golds.