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

To: CJ who wrote (333)	11/1/2001 11:25:36 AM
From: quasi-geezer	Read Replies (1) \| Respond to of 1433

all I know is this is such a mess, even I don't know how to get out of it ... the management are thugs ... P.S. Carol, can you show me how the G-string behaves when she goes dysfunctional ...

To: CJ who wrote (333)	11/1/2001 4:46:49 PM
From: Raymond Duray	Read Replies (2) \| Respond to of 1433

Hi CJ, Re: I gotta hand it to you guys --- I'm not sure if today's downturn is becse. of: 1) Yesterday's action was due to short sellers coming out of their positions. 2) Institutional selling resumed today due to the brief run up, and a glimmer of hope to chip an extra few percent. Or, rats abandoning a sinking ship? This one is a doozy. Here's the latest news from REUTERS: 11-01-01 04:38:36 PM S cuts Enron ratings, may cut ratings again NEW YORK, Nov 1 (Reuters) - Standard Poor's on Thursday cut its long- and short-term ratings for embattled energy trader Enron Corp. (ENE.N), and warned it may cut the ratings again because of "uncertainties" surrounding the company and the possibility of further problems in the capital markets. Enron has said it faces a probe by the Securities and Exchange Commission. S cut the Houston-based company's senior unsecured debt to "BBB," two notches above junk status, from "BBB-plus," and its commercial paper to "A-3" from "A-2." On Monday, Moody's cut Enron's long-term debt to "Baa2," also two notches above junk, and warned it may cut that rating and Enron's "Prime-2" commercial paper rating. Downgrades could make it tougher for Enron to issue debt and run its day-to-day business as fellow marketers and traders demand more collateral. If the ratings fall to junk, Enron could be forced to issue more shares. Enron shares closed Thursday on the New York Stock Exchange at $11.99, down $1.91, or 13.7 percent. They have fallen 65 percent since October 16, and hit a nine-year low on Tuesday. REUTERS tscquote.thestreet.com