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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (10180)	12/3/2001 6:23:56 PM
From: mishedlo	Read Replies (2) \| Respond to of 99280

I am not short ENE but I sure wish I was from 80, 70, 60, 50, 40, 30, 20, and 10. Doubling my short each time. I would gladly cover here at 60 cents and would be laughing my ass off on someones gain of 100% from "the bottom". ENE declared BK. What is it about that that I do not understand? They owe 60B!!! in silly hedhges and committments. Just what do you think will be left for shareholders out of BK hearings? How about ZERO. Yeah it could double again to $1.20 but it is going to zero with about 99% probability or better. M

To: t2 who wrote (10180)	12/3/2001 6:32:02 PM
From: stomper	Respond to of 99280

LOL, yes, ENE is on the rebound...better get it now: Monday December 3, 6:10 pm Eastern Time Enron secures $1.5 bln in financing-source NEW YORK, Dec 3 (Reuters) - Enron Corp. (NYSE:ENE - news) on Monday secured $1.5 billion in debtor-in-possession financing from a group of banks including two of its creditors, J.P. Morgan Chase (NYSE:JPM - news) and Citigroup (NYSE:C - news), sources familiar with the situation said.

To: t2 who wrote (10180)	12/3/2001 6:35:26 PM
From: LTK007	Read Replies (2) \| Respond to of 99280

this the press release which juiced ENE in AH NEW YORK -<<(Dow Jones)- Enron Corp. (ENE) secured $1.5 billion in much needed " debtor in possession" financing late Monday. Enron and 13 of its affiliates filed for Chapter 11 bankruptcy protection in the Southern District of New York on Sunday. The DIP financing was seen as critical for Enron to continue operating and especially crucial for the company to protect its trading operations. The loan, provided by Enron's two lead banks, J.P. Morgan Chase & Co. (JPM) and Citigroup Inc. (C), is collateralized by all of Enron's assets, including $ 1.8 billion in proceeds for the sale of Enron's Portland General Electric to Northwest Natural Gas Co. (NWN), and Enron's two pipelines, the Northern Natural Gas pipeline and the Transwestern pipeline. A person familiar with the matter said that as part of the financing package, Enron will receive $250 million immediately. Another $250 million will become available as soon as J.P. Morgan Chase and Citigroup approve a business plan submitted by Enron. That's expected in the next couple of weeks. The release of the remaining $1 billion is contingent upon syndication and final court approval, the person familiar with matter said. (This story was originally published by Dow Jones Newswires) >>>