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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Land Shark who wrote (17176)	10/11/2002 11:33:39 AM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 18998

Compare EP to CPN, DYN, RRI, MIR etc. You guys need to research what you're shorting more than just going by Mr. Pink's advice. Congrats to those who made money from it's recent highs to the low 4's. As a newly established long in the low 5's I'm willing to bet that most shorts will lose their ass with EP over the next year unless you're very nimble. Check out all the info on the FERC ruling. It'll get overturned by appeals if nothing else. Check out what some are saying would be a worst case fine if it's upheld. They supposedly held back 210 mm of gas because they didn't run a pipeline at 100% capacity. A worst case sceario fine would be 3-4 billion and as little as a couple hundred mil (my opinion, other's have said more like 1 bil). EP has an E&P side really provides a backbone here. Be careful comparing it to DYN. Leveraged IPP's are much canidates than EP which shouldn't even be put in the same category. I do think the posibility exists that it may trade in the mid 4's again if FERC upholds the ruling, but it'll be temporary. The downside here is maybe 1-2 more points from today's price. The upside is 15-20 during the next 12-18 months imho. Plenty of stocks with better risk/reward ratios for shorting. Compare EP to DYN. There was no mania in EP. Overvalued? Maybe, but it was no bubble. finance.yahoo.com