Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Don England who wrote (1969)	3/20/2001 10:52:51 AM
From: Don England	Read Replies (1) \| Respond to of 23153

all: posted this once and it went to message heaven... lots of back and forth on cal. energy on realmoney this a.m. i liked this one from seymour as he specifically warns on owning cal. based techs going into the summer, or even now. Jim Seymour Final Thoughts on Cal Power 3/20/01 9:27 AM ET Just one more thought on the current California power problems: Monday's demand, about 30,000 megawatts, was about HALF the typical daily Summer demand level in the state. Yes, by Summer we hope to see some plants that are now out of service for scheduled maintenance back online. But they wouldn't fill THAT big a delta. I am amazed at how many investors, hip-deep in companies inescapably fused to California power economics -- see this as someone else's problem. For so many already-battered tech companies -- chip foundries, circuit-board makers, Net hosting services (all incredibly heavy users of power) -- are going to get hurt this summer, no matter WHAT the California legislature, Gov. Davis, the Feds, or anyone else does. It's clear that, politically, consumers' needs, public-health and public-safety needs, etc., will be in line ahead of these kinds of power-slurping companies for whatever supply IS available. (And who can argue with that?) Those [few] RealMoney.com subscribers who think we spend too much time worrying about Cal power issues have it exactly backwards -- neither we nor they, probably, spend enough time thinking this through.... worried, and reorganizing my portfolio ******** bot lots of oils yest., and they are all doing well. bot several defense issues, too. now they are beginning to firm and move up also. edgy day. don't want to hit any more stops; get penny'ed to death on those. don