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

To: LTK007 who wrote (10188)	12/3/2001 6:45:17 PM
From: ajtj99	Respond to of 99280

Well, we no longer have to worry about ENE now, Max. Everything is right with the world. The market can continue its climb. Buyers were sitting on their hands today even as the beginning of the month is at hand. Methinks they may return tomorrow if only for a few days. If not, we will probably break the remaining barriers and begin a drop to a re-trace of this move up from the September lows.

To: LTK007 who wrote (10188)	12/4/2001 12:19:30 AM
From: LTK007	Read Replies (1) \| Respond to of 99280

well that ENE matter is really just now heading to a massive collison of Dynergy and Enron because of this<<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.>> problem being NNGpipeline was all ready used as collateral for the Dynergy loan--- and press release also contains this The release of the remaining $1 billion is contingent upon syndication and final court approval, the person familiar with matter said. i don't see court approval happening.Basically i feel Enron is now putting up a vicious fight to avoid Chapter 7---and are now trying to STEAL 1.5billion dollars from DYNERGY.The legal comments i am reading is that this be just wild moves by Enron and that they have little chance of getting away with---max