Replies to post #101599 on Zeev's Turnips Patch-No Politics (ZEEV)

[Bruce A Thompson]

Hi Augie,

MIR swings enough to make milk money during the day. 10K shares cost $26,000 but can be sold in an hour for $27,000 with only a $.10 increase. It's kinda' like going to the ATM machine. I think you coined that phrase. (g)

Actually, my last buy was $1.42 about 2 weeks ago. I sold some @ $1.64 and will probably sell some more today. Depends on what Sunshine the Wonder Dog tells me today.

BT

[orion.colorado]

Augie: KyrosL, JimP, and ItsAllCyclical posted great info about MIR on SI a couple months ago. Might be good references for you. Papaya King had a good idea/article re: MIR options if it chugs up to $8ish, Ameritrade shut down MIR options on me though.

CO

(Disclosure: Dumb luck entry at 1.35ish overall, riding 1/3 position for now.)

[Bruce A Thompson]

Marcy Shoots Herself In The Foot...Again

NEW YORK, May 16 (Reuters) - Troubled U.S. power company Mirant Corp. (MIR,Trade) said on Friday it was unable meet a Thursday deadline to file its quarterly report with the Securities and Exchange Commission because of delays caused by a recent reaudit.

The Atlanta company said in a notification of late filing that it was "unable to complete the preparation and review of our 1st quarter 2003 Form 10-Q by the required filing date without unreasonable cost and effort."

It did not say when it expects to file the results.

Mirant, which has struggled with $8.6 billion in debt in the midst of an industrywide cash crunch, delayed reporting its 2002 results and filing its annual report until late last month, when it completed a re-audit of its 2000 and 2001 finances.

The company's stock closed at $3.48 Thursday on the New York Stock Exchange.

[Bruce A Thompson]

Good Morning Augie,

Are you ready for your trip to the ATM machine this morning? (g) I am not sure what time the drop will occur this morning, but I expect it will be early. Standard buy on the first bounce and sell soon after rules are in effect.

I know I have left a great deal of $$ on the table since Wednesday, but since I am risking almost $30K per trade, I am being conservative. Just nickel and dimeing will return around 50% this month while MIR works its way <$2.

BT