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Strategies & Market Trends : IPPs and Merchant Energy Co.s

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To: Broken_Clock who wrote (1998)5/1/2003 2:47:48 PM
From: energyplay  Read Replies (1) of 3358
 
On this day that the elevator finally went down, note that some utes are only off slightly - AES, CNP - oops forgot the other one - WMB isn't off too much.

Some traders have 30-50% trading profits for the past month, so very reasonalble to take it.

Also, natural gas holding up well today - some money may be going that way.

Looking at the overall market, this seems more like a bull market pull back than the end of a bear market rally. Nasdaq has gone positive in the afternoon.
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