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Gold/Mining/Energy : Enron - Natural Gas Industry -- Ignore unavailable to you. Want to Upgrade?


To: mact who wrote (283)10/26/2001 12:43:01 PM
From: opalapril  Read Replies (1) | Respond to of 1433
 
Be careful. Looks like there are more shoes yet to drop, all over the place. The lead message on this thread asks, "Or how about their foreign prospects?"

Dunno about that. Did Paraguay ever enter into an extradition treaty with the U.S.?



To: mact who wrote (283)10/26/2001 6:08:17 PM
From: Raymond Duray  Respond to of 1433
 
Hi mact,

Re: yet...call me stupid, but im looking past the current problems...all the things you have mentioned has already been priced into the stock imo...in 2-3 yrs, i will be up big on this trade..

I've tried to catch a few falling knives myself. They can hurt. <w>

Let me add a couple more items to my list:

The Indian power plant fiasco

And, EnergyNewsLive today reported that several counterparties to ENE are sitting on their thumbs and reviewing ENE's credit risk. This isn't going to make ENE's quarter look any better I'm afraid. You really gotta wonder if this company is going to be around in 2-3 years. It has all the classic hallmarks of a Drexel, Burnham or a Long Term Capital Management type meltdown.

As far as the analysts are concerned, I long ago started to try to understand their recommendations on the basis of who it is that pays their salaries. This is not the general public. The analysts work for those who have stock to unload. Since April, 2000 it would have paid handsomely to bet that the analysts were trying to dump stock on an unsophisticated public. It's only in crazy bubble markets like the prior period where the analyst's calls may temporarily be in synch with market prices.

-Ray