| PCG: Mao II, If I were to play it, I'd say it (and EIX) are going lower. It's a speculative short imo. Long term though, somebody's got to cough up the billions spent for the energy used this past summer in California, and that will be, imo, the users. Maybe the gov't will slant the costs to business users, or to other targets, but somebody's gonna pay. Imo, and I'm just guessing, PCG and EIX are entitled to profits by law -- somehow this current problem is going to be resolved, and the stocks will recover -- but not before they go lower. |
