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To: Tommaso who wrote (136899)12/3/2001 1:37:29 PM
From: Real Man  Respond to of 436258
 
LOL! Sure. But this is short covering. Typically, shorts cover in the 20-25c range. It could rally to a buck and change, but I would not hold it too long -g-



To: Tommaso who wrote (136899)12/3/2001 2:07:39 PM
From: reaper  Read Replies (2) | Respond to of 436258
 
Debt is trading for pennies on the dollar. Debt holders get made whole b4 equity gets ANYTHING. Guy who wrote that article is doofus; equity doesn't participate proportionately to debt; they get paid LAST. Enron equity holders are LAST in line; they won't get anything.

Doesn't mean the stock couldn't rally in the interim. Dumb-f---s like the guy who wrote that article bid XO (XOXO) back to $1.03 from 27 cents before they got zeroed on Friday.

Cheers


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