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

To: wlheatmoon who wrote (2614)	11/21/2001 12:18:58 PM
From: Jorj X Mckie	Respond to of 2850

Mike, and a happy Thanksgiving to you and your family as well.

To: wlheatmoon who wrote (2614)	11/24/2001 6:43:18 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 2850

Hi Mike, John & Tom Happy Thanksgiving. On ENE @ this $4.7 level it should be good for a short term trade but if it breaks $4.55 (yesterdays low) I'd dump it and if DYN calls off the deal (not @ a lower price but actually calls it off) I'd dump it. DYN does want to do the deal but they don't want to overpay and if they say come in @ .20 shares it puts a value of around $7 (assuming some arbitrage discount from around $8) and if the street doesn't like it from a DYN perspective then DYN can see a break towards the $20's so you have to be careful from a LTB&H perspective. Its going to be hard to quantify how much the lawsuit liabilities in this one will be. I would hate to be the insurance company with the D&O on the board and the pension plan. Mega exposure in this area. PS - I don't think it will be a LTB&H in the oil space until we see how well the recession impacts demand and OPEC is able to control supply (or were back @ $10 for a couple of months).

To: wlheatmoon who wrote (2614)	11/25/2001 10:12:06 PM
From: John Pitera	Respond to of 2850

Hi Mike, I hope that you and Liz had a great Holiday weekend. As I hope that Tom and Tim and all our SI friends did. ENE appears to be heading into bankruptcy proceedings. the bonds of ENE are indicating a bad outcome for the ENE equity holders, it looks like too much debt will come due. and it's triggered to become payable if ENE is lowered on credit level to junk bond status, which is what the bond market is predicting....... "``The sum of all knowledge is in the valuation of the stock and the bonds,'' said Scott Smith, a principal at Wells Capital Management in San Francisco, where he invests $6 billion in debt, and does not own Enron. ``A bond trading in the 50s has nothing to do with an investment-grade security.'' Enron's 6.4 percent notes maturing in 2006 and 6.75 percent notes were bid Friday at 57 cents on the dollar, down from a respective 62 and 60 cents on Wednesday, a trader said. The notes yield to maturity 21.5 percent and 17 percent." Message 16700954 Hope you, Tom, Tim, and all the others who lurk and post here have a great Thanksgiving....let's truly be thankful not only during this time of the year,,,but every day. Mike, you are so very right in what you say...... peace and best wishes.. John