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To: waverider who wrote (3943)	10/8/1998 4:08:00 PM
From: Grommit	Respond to of 14427

utilities? With interest rates dropping, I would expect utilities to continue their climb. Please explain the logic of shorting utilities at this time? ..... FYI - Utilities can also be confusing these days with deregulation coming. I am not up on it, but the Journal had a feature on utilities and deregulation a couple of weeks ago. I think a serious student of utilities might be able to pick some winners and losers from the deregulation game. I have an engineer friend in a utility company and will ask him if he has any opinion of which companies will do poorly with the deregulation.