John, Mike & Tom's <b>Wild World of Stocks</b> Message Board

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Technology Stocks : John, Mike & Tom's Wild World of Stocks

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To: wlheatmoon who wrote (2614)	11/24/2001 6:43:18 PM
From: Logain Ablar	Read Replies (1) of 2850

Hi Mike, John & Tom Happy Thanksgiving. On ENE @ this $4.7 level it should be good for a short term trade but if it breaks $4.55 (yesterdays low) I'd dump it and if DYN calls off the deal (not @ a lower price but actually calls it off) I'd dump it. DYN does want to do the deal but they don't want to overpay and if they say come in @ .20 shares it puts a value of around $7 (assuming some arbitrage discount from around $8) and if the street doesn't like it from a DYN perspective then DYN can see a break towards the $20's so you have to be careful from a LTB&H perspective. Its going to be hard to quantify how much the lawsuit liabilities in this one will be. I would hate to be the insurance company with the D&O on the board and the pension plan. Mega exposure in this area. PS - I don't think it will be a LTB&H in the oil space until we see how well the recession impacts demand and OPEC is able to control supply (or were back @ $10 for a couple of months).

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