Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Enron - Natural Gas Industry -- Ignore unavailable to you. Want to Upgrade?

To: RGM who wrote (1113)	12/5/2001 10:18:58 AM
From: Charles Tutt	Respond to of 1433

At this point there's no guarantee they'll be worthless. Just My Humble Opinion. Charles Tutt (TM)

To: RGM who wrote (1113)	12/5/2001 10:32:24 AM
From: in_cog_nito	Read Replies (1) \| Respond to of 1433

Remember, ENE has HUGE amount's of assets. Look how fast ENE secured $$$$ after filing chapter 11....within mins. The Banks felt safe enough! Look at all the companies that are bidding against each other to BUY ENE Assets. That is not normally the case with a Chapter 11... normally the assets are not really asset's, which is why they file. This looks good to me. This is not a Run of the Mill Chapter 11 !! Many Many much worse off Companies have gone through Chapter 11 and came back stronger then before. Many have come out of Chapter 11 and failed later on...but that is getting way ahead of the game. For the person not faint at heart, ENE could be a very profitable stock. This may or may not play in the whole thing but it is worth noting the close connection ENE has to the Bush Administration. Like I said, it may or may not play a factor....but it’s there. As always..IMO IN

To: RGM who wrote (1113)	12/5/2001 10:50:49 AM
From: Robert Graham	Read Replies (1) \| Respond to of 1433

What are you thinking here? Whoever gave you this idea is IMO a little crazy. Do not walk, but RUN from this fellow. When you short, you do this with your creditor being the brokerage business. They will want their money if the price runs against you and forces you to liquidate your position, which at this price will be easy to do. A short account is essentially a line of credit. Where do you think this line of credit came from? Why do you think they are more particular about your finances before allowing you to open up such an account? You are planning to short AFTER the sell off. Is this wise? Has this been thought out? Have you ever shorted a stock before? Do you know timing is very important in the shorting of a stock? Your short plan would rely on Enron going out of business. How certain are you of this? Do you know that this will happen as soon as you place your short order? Companies can hang on for a long time before eventually going defunct. It is a process. This process has been underlined by Enron through their choice of going the Chapter 11 route. So all there would need to be is a hiccup in the price, possibly as little as ten cents, that would force you out of your position owing the brokerage business money. The most important point here is that the shares are trading at a price that cannot be shorted. Brokerage business are not stupid. As far as what specifically happens to short positions if the trading were permanently stopped due to an announcement of the bankruptcy of the company, I do not know. But given what I have stated above, it is irrelevant. I suspect short positions have been closed well before this point in time. Let me make it plain and simple. Anytime you think you have found a glaring "loophole" in the system, I can tell you with confidence that it is only a figment of your imagination. Just trying to help you out before calling your broker and revealing to him your intentions. :-) Bob Graham