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Technology Stocks : John, Mike & Tom's Wild World of Stocks -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (2346)	5/31/2001 2:57:08 PM
From: John Pitera	Respond to of 2850

I like this bit by Jay Shartiss.... Jay Shartsis CPN, DUK, DYN 5/31/01 10:40 AM ET I read a piece in the Barron's "Market Watch" column that immediately struck me. Alan B. Lancz discussed the California energy crisis and how it has resulted in a flood of buy recommendations for Dynegy (DYN:NYSE), Duke Power (DUK:NYSE) and Calpine (CPN:NYSE). We were reminded that Calpine has already risen from a price of 3 just two years ago to a recent high of 60, which certainly discounts a mountain of good news. Further, Lancz had the temerity to suggest that California will fix the problem and be a net exporter of electricity in two years, and Calpine could drop sharply. Now that's a beautiful piece of contrary thinking, a real classic. I bet this is exactly what will happen. I am short the calls.