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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (28025)	1/20/2002 2:25:18 PM
From: Captain Jack	Read Replies (1) \| Respond to of 52237

scott-- Feeling bad for those that lost money is understandable. Having sympathy for the majority of those that lost is beyond me as most put money in ene, gx, & others simply out of greed. Same goes for those that retired on ene stock and did not diversify. Thost that have the bux and not the intelligence to play it need a good financial advisor. Even those of weak mind can see something is wrong when their holding drops a good %. Over the years I have had some losers,,, sympathy? LOL! How about the taxpayers making those trades whole? Maybe all the CEOs should go to jail when their stock falls. Certainly their should be some jail time and financial penalty for Lay and others at ene and some other issues BUT it still comes down to anyone holding stock should be responsible to watch their holdings or pay someone to do it for them. ene is a terrible & big story. It must be out so others learn,,, but there is such a thing as overkill. Even when Lay goes to jail those that lost in MOST CASES should have the same recourse as everyone else. This thing has turned political and basically stupid. Let the courts handle it from here. If new laws are needed congress should be working to that end instead of whinning and looking for votes..

To: stockman_scott who wrote (28025)	1/21/2002 12:46:00 PM
From: Berney	Respond to of 52237

Scott, I see an incredible amount of irresponsible reporting in the ENE debacle. There are numerous entities and organizations that will attempt to connect this tragedy with whatever agenda they may be pushing. My red flag goes up when I see the author attempting to connect two, seemingly, dissimilar events: "So are the exotic financial derivatives that Enron sold and that led to shocking breakdowns like the bankruptcy of Orange County, California." Man, I could have sworn that MER was involved in that one. Does the investment world really believe that Fidelity's flagship mutual fund, Magellan, would have owned 5.9M shares of ENE at 9/30/01 if the "scam" was so obvious? Would the pension and mutual funds really have held billions of dollars in this stock to the bitter end if they felt it was going down the tubes? The book on this chapter is going to make interesting reading. I'd like to know what the financial systemic risks were to LTCM, that resulted in action, vs. the perceived lack of financial systemic risks in ENE that resulted in no action? I would believe that the jury is still out as to the damage this failure is going to cause to our financial systems. I do strongly believe, as noted in the next article you posted, that Mr. Lay, his fellow executives, and the ENE culture were guilty of being incredibly "arrogant." I doubt that this attribute or the other risks that I perceive in this debacle are in any way limited to ENE. Just a View from the Swamp Berney