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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (18347)	1/13/2002 8:24:04 PM
From: Roger A. Babb	Read Replies (2) \| Respond to of 19633

Tom, I had a discussion with a securities lawyer today who seemed very certain that both Enron executives and Andersen crossed the line and will be held liable to both the debt holders and shareholders. He thought the case was so strong that a quick settlement is likely so as to avoid criminal prosecution. (Maybe my 401k will recover a few of the lost bucks) He did not think the Bush administration has any liability and that the excessive Enron campaign donations would have the opposite of the intended effect. Bush will be tough on Enron in order to prove that he was not influenced. From our point of view as traders, it again confirms the theory that we should sell alongside the CEO when he is dumping huge parts of his position.