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

To: Softechie who wrote (710)11/27/2001 5:00:39 PM
From: CoffeePot  Respond to of 1433
 
Picked up some today near the close, this looks like a bottom here.....I was really looking for low 3's or so but that probably wont happen soon. I'm expecting ENE to trade around $5 in the coming days, I doubt it'll go much higher than that.



To: Softechie who wrote (710)11/27/2001 9:21:22 PM
From: john dodson  Respond to of 1433
 
Yep, but remember that spread! The arbitrage folk have to make their living somehow. Using your numbers of 0.15 shares and a generous 20% spread, today's numbers say that ENE should be trading at:

$40.89 x 0.15 x 0.80 = $4.90

Not to far off from today's close of $4.11.

Actually, as I've said before a spread of 25% which includes the "what else from Enron" factor may be more likely. That yields an ENE price of $4.60.

-John


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