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To: Dr. Jeff who wrote (94920)4/16/2001 8:59:25 PM
From: patron_anejo_por_favor  Respond to of 436258
 
Good point, Doc. Along with a breakout on the TYX, 3 buck move in gold, 2% jump in the CRB and the energy commodity futures leaping today, I think the diagnosis is: Inflation.

quotes.ino.com
stockcharts.com[l,a]daclyymy[pb50!b200!d20,2][vc60][iUb14!La12,26,9!Lg]
stockcharts.com[l,a]daclyymy[pb50!b200!d20,2][vc60][iUb14!La12,26,9!Lg]
kitco.com

IF there's a surprise in the CPI tomorrow, things'll get fugly in a hurry...<NG>



To: Dr. Jeff who wrote (94920)4/16/2001 9:02:12 PM
From: Lucretius  Read Replies (2) | Respond to of 436258
 
yep... what's the cure, doc? -g-



To: Dr. Jeff who wrote (94920)4/16/2001 9:03:20 PM
From: Dr. Jeff  Read Replies (2) | Respond to of 436258
 
This is quite staggering! WOW! They are losing $11.34 a share. The stock is currently trading at $8.84 after rallying 28% since declaring bankruptcy just over a week ago. On this news I think the stock should gap down $11.34 and trade below zero at negative 2.50. <ggg>

Monday April 16, 8:18 pm Eastern Time

PG&E reports massive Q4 loss after utility charge

SAN FRANCISCO, April 16 (Reuters) - PG&E Corp. (NYSE:PCG - news), parent of
bankrupt California utility Pacific Gas & Electric, on Monday reported a fourth-quarter loss
of $4.12 billion or $11.34 a share including an after-tax charge of $4.1 billion.

The write-off relates to costs the utility incurred buying power for its customers that it may be unable to recoup under
California's much criticized electricity market deregulation laws. The company had announced in late March it planned to take
an after-tax charge of $4.1 billion.

Pacific Gas & Electric, California's largest utility, filed for Chapter 11 bankruptcy protection on April 6 after talks with
regulators and politicians aimed at solving the financial crisis stalled.

Excluding one-time items, the company reported earnings of $140 million or $0.38 per share compared with $294 million or
$0.80 in the prior year period.

Analysts had expected PG&E Corp. to earn in the range of 38 to 41 cents, with a consensus estimate of 40 cents per share,
according to market research firm Thomson Financial/First Call.

biz.yahoo.com