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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: isopatch who wrote (81652)12/14/2000 1:49:02 AM
From: energyplay  Read Replies (2) of 95453
 
Power Company Panic in Northern California -

I think the word is out - or will be when/if rotating outage blocks start.

I was going to buy some BKX put - bank stock puts -but then I looked at the individual components. VERY BIG divergence - BAC (bank of America) and FTU way down, WFC, (Wells Fargo) way up, C (citibank) in the middle.

So I'm buying Wells Fargo (WFC) puts. They have lots of small biz and technology customers, & they are mentally associated with California.

So, power goes out, can their customers pay the loans back ?

I am assuming this is a way to play area economic impact.

I'm PG&E and Wells customer in Northern California.

If I make some money, I can use it to buy my flashlight batteries...
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