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Gold/Mining/Energy : Enron - Natural Gas Industry

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To: Bryan Steffen who started this subject12/5/2001 8:51:49 AM
From: RGM  Read Replies (3) of 1433
 
If ENE's common stock is going to shortly be worthless cause of their Chapter 11, doesn't it make sense to short this stock now if you have a brokerage account that would allow you to do so?

I have been told that the reason why the stock is up is because of short covering.

My understanding is that there is no need to cover a short if those shares are going to be worthless. Am I missing something?

Rob
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