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 : Mirant Corporation (MIR) -- Ignore unavailable to you. Want to Upgrade?

To: Asymmetric who wrote (223)	2/21/2002 8:59:36 PM
From: KyrosL	Respond to of 903

I think Mirant's price right now will look ridiculously cheap in a year, unless we fall into a depression. A depression is a low probability event; the Fed will do everything in its power to prevent it, including giving away money -- like buying up mortgage and corporate bonds. Americans, unlike the Japanese, know what to do with money: they spend it. I agree with you that we are witnessing indiscriminate institutional panic selling of IPPs. Given their experience with Enron, the techs, etc., I don't blame them. A crowd of institutions is no better than a crowd of investors.