Enron - Natural Gas Industry Message Board

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Gold/Mining/Energy : Enron - Natural Gas Industry

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To: Larry S. who wrote (664)	11/26/2001 1:36:56 PM
From: ru2	Read Replies (1) of 1433

IF the 88 price is it's all time low, it is a big deal' As I said in the post my data only goes back that far. If an all time low is broken on a closing basis that is a big deal. both from a TA point of view and from a Pszycologikal point of view. We already broke that today in the first hour but have not broken that since and given the recent volume and negative spikes in Money flow we could bounce well from this point given good news on the buy out. If we close below $4 I think we test $3 or $2 before it is over. I am strictly a TA guy so I do not know what the "real Value" of the company is. I think there is a good chance we bounce from $4 but I am still trying to figure out wether I am just playing this for a bounce or wether as often happens bad news drives a price below rational levels and there is a long way to go in the up direction if the buy out happens. R

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