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Strategies & Market Trends : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?

To: Dale Knipschield who wrote (28233)	11/28/2001 3:17:19 PM
From: Paul Senior	Respond to of 118717

Sometimes there's a significant price increase in these companies right after they declare bankruptcy. And I've read fascinating stories of stocks in bankruptcy with absolutely no value (as declared by the company execs and confirmed by various attorneys representing bondholders, stockholders, etc.) that nevertheless trade for $1-2 for months and months. (Terrific article in Fortune about guys on one of the exchanges who just kept shorting and shorting and shorting such a bankrupt, worthless stock and finally making millions and millions $. They shorted more shares than existed on the company and didn't need upticks because they were exchange members.) Anyway, I'm saying buyers here of ENE might have a good chance for a double, triple or more. Funny how that is though. I'm was willing to take a shot at $16 or $9, but am very reluctant now at 71 cents.