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Gold/Mining/Energy : PCG: PG&E Corporation
PCG 16.080.0%Dec 31 3:59 PM EST

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To: Jeffry K. Smith who wrote (4)1/10/2001 10:57:56 PM
From: james-rockford  Read Replies (2) of 25
 
With PCG halting the dividend tonight, it'll be fascinating to watch in the AM to see how the street reacts. If they are allowed to go bankrupt, to me that sets off a long line of ugly dominoes, the banks and the loans etc. Hard to believe it will happen. It seems like a VERY high stakes game of poker to me.

If Gov. Davis handles this well, he could get a lot of favorable attention from the National Democratic Party. If he doesn't, well, see you in oblivion.
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