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To: Tommaso who wrote (82286)12/21/2000 8:56:57 AM
From: Think4Yourself  Read Replies (3) | Respond to of 95453
 
CNBC just reported analyst saying buy PGE and EIX because energy problems in CA would be resolved soon. Said Government would not allow companies to go bankrupt so they were good bargains here.

To which I say BULLSH@#!!! Yes the government will pick up the tab for the problems. Big Deal! The government will be losing $1 million+/hour, the problems will still exhist, and stage 2 emergencies will still occur regularly. And just how long will it take PGE and EIX to recover all those losses? This problem is nowhere near being resolved. Wouldn't touch these stocks until it is known how long it will take them to recover the losses, and how much of the losses they can recover.