Enron - Natural Gas Industry Message Board

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Gold/Mining/Energy : Enron - Natural Gas Industry

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To: Robert Graham who wrote (1123)	12/5/2001 1:32:10 PM
From: RGM	Read Replies (1) of 1433

Thanks for your advice re shorting ENE. I have an account with Interactive Brokers. To test if was able to short ENE, I placed a short order at $2.00 for ENE. The order was accepted. I cancelled this order since it was only a test. Their website also indicated ENE was available for borrowing. In my opinion, any position in ENE now is a pure gamble since their top mgmt cannot be trusted. Their top mgmt. has proven themselves to be liars. Their ability to generate future revenues from trading activities is a pure guess since their credibility and ability to securitize deals is an unknown variable. ENE is, in essence, a service organization. If any service organization loses their credibility with their customer base, they are not going to obtain orders from those customers in the future if those customers have a choice in who to do business with. To me, it is just common sense that ENE shall eventually go out of business due to their current lack of credibility with customers and investors. I am missing something about ENE which makes them unique from other service businesses or are these guys to be trusted again? Rob

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