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Pastimes : The California Energy Crisis - Information & Forum -- Ignore unavailable to you. Want to Upgrade?

To: portage who wrote (1052)	11/28/2001 4:24:49 PM
From: Sam	Respond to of 1715

Trading stops on Enron's EnronOnline system Wednesday November 28, 11:47 am Eastern Time NEW YORK, Nov 28 (Reuters) - Enron Corp's (NYSE:ENE - news) Internet-based energy and metals trading system EnronOnline was shut Wednesday, shortly after Standard & Poor's cut the financially troubled company's credit rating to ``junk'' status, energy traders said. ``We were watching the board and suddenly it went blank,'' said one Northeast natural gas trader. EnronOnline until recently accounted for about 60 percent of the daily trade volume handled by Enron. Enron shares were halted on the New York Stock Exchange Wednesday following the credit rating downgrade. After the stock re-opened, it dropped $2.84 to $1.30 on the New York Stock Exchange. Enron shares closed Tuesday at $4.14. biz.yahoo.com What a wonderful example of capitalism at its best. Let's all make sure that we gallop into the wonderful world of fully deregulated energy, and put ourselves at the mercy of the Ken Lays of the world. Sam