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 (2622)	12/4/2001 8:31:55 PM
From: John Pitera	Read Replies (1) of 2850

Hi Mike, TXU is in someone precarious technical shape, especially if it can not get back above it's 200 dma fairly soon. stockcharts.com[h,a]daclyymy[de][pb50!b200!b21][vc60][iUb14!La12,26,9] It's also been making some lower lows in price. ANd you can see how it's broken below an uptrend line that was in place the past 18 months or so. I also see some insider selling. a net negative. insider.thomsonfn.com a better yield play might be EL Paso's tennesse pipeline 8.25% preferred share. It's a preferred share, which is a senior obligation to common stock and as we've seen with ENE and DYN, the most attractive part of ENE for DYN was the Northern Pipeline. DYN wants it bad enough that they are suing for it. Pipelines are not going away and demand for natural gas is not going away either. Especially since the USA produces 85% of it's own natural Gas and gets the other 15% from Canada. That's very important for the US energy self sufficiency initiatives that are percolating, due to the ongoing Mid East instability. quote.yahoo.com John

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