posted
I think that I might try this one myself for a quickie. Looks like the pattern is ever 5 months and its 5 months. I would guess looking at past patterns .063, so .06 would look like a easy exit.
Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
| IP: Logged |
posted
Well it looks like it bottomed yesterday, and has been moving up today. In the past when it has moved like this, it is quick. All I am doing is looking at the pattern, doesn't make it happen everytime.
Ric
quote:Originally posted by roadrunnerv8383: when do you predict this to take off?
[This message has been edited by Ric (edited November 17, 2004).]
Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
| IP: Logged |
posted
DJ Southern Union/GE Venture Buys Enron Unit For $2.45B
+DJ Southern Union/GE Comml Finance EFS Joint Venture Completes CrossCountry Energy Acquisition And Divestiture Of Interests In Northern Plains Natural Gas Co & NBP Services>SUG
posted
Well right after I said this the MMs signaled to trade side ways. I not sure if they need to cover shorts before they want this to run. I really thought we started.
Ric
Signals between MMs... 100 > I need shares 200 > I need shares badly but dont take it down to get em 300 > Take the price down to get shares.... 400 > Trade it sideways based on Supply and Demand 500 > Gap one way or the other, usually to the direction of the 500 trade. Sometimes -if in the middle -keep the price right where it is
Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
| IP: Logged |
posted
DJ Southern Union/GE Venture Closes Buy Of Enron Unit
WILKES-BARRE, Pa. (Dow Jones)--A joint venture of Southern Union Co. (SUG) and General Electric Co. (GE) closed on the acquisition of CrossCountry Energy LLC, which comprises the U.S. natural gas pipelines of the bankrupt Enron Corp. (ENRNQ).
In a press release Wednesday, Southern Union said the acquisition makes it one of the largest interstate pipeline companies in the U.S.
CrossCountry has about 7,400 miles of gas pipelines, with about 4.2 billion cubic feet per day of gas capacity.
Southern Union and GE will consolidate the acquisition with Southern's Panhandle Energy unit. Southern named Stanley C. Horton chief operating officer of the combined pipeline business.
The companies, operating together as CCE Holdings LLC, paid Enron $2.45 billion in cash, including the assumption of certain consolidated debt, for 100% of CrossCountry's assets.
The deal was initially announced Sept. 10 after Enron held a closed-door auction and was given approval by U.S. Bankruptcy Judge Arthur Gonzalez.
Southern Union was advised by JP Morgan on the deal.
The company's share recently traded at $23.14, up 62 cents or 2.8%.
Southern Union plans to hold a conference call Nov. 22 at 2 p.m. EST.
posted
I think its a good sign. MM just signaled again he needs shares. MM's are buying not selling much right now. Bid .039 Ask at .041. I think they are gearing up for a run anyway. But what do I know anyway, I thought it was running already.
Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
| IP: Logged |
posted
its still not showing up. yeah i dont know what it is with ameritrade, even thought ive made $1,000 since last week. think i need to get another online broker. dardadog, what broker do you use? im loseing confidence in ameritrade.
Posts: 824 | Registered: Oct 2004
| IP: Logged |
quote:Originally posted by roadrunnerv8383: its still not showing up. yeah i dont know what it is with ameritrade, even thought ive made $1,000 since last week. think i need to get another online broker. dardadog, what broker do you use? im loseing confidence in ameritrade.
email me.
------------------ 'wid ma mind on ma money an' ma money on ma MIND!!!!!!!
*DJ Enron Still Believes Recovery By Former Hldrs Unlikely
(MORE) Dow Jones Newswires
11-18-04 0730ET
*DJ Enron Files Its Final 8-K With SEC
(MORE) Dow Jones Newswires
11-18-04 0733ET
DJ Enron Creates Trusts To Benefit Former Equity Hldrs>ENRNQ
WASHINGTON (Dow Jones)--Enron Corp. (ENRNQ) created two trusts for the benefit of former holders of its common and preferred stock that would provide recovery to those holders in the "very unlikely event" that there is anything left to distribute after it pays creditor claims, according to a regulatory filing with the Securities and Exchange Commission Thursday.
The company, whose plan to emerge from bankruptcy protection became effective yesterday, said the Form 8-K regulatory filing would be its last as required under securities regulations because it no longer has common stock outstanding requiring registration.
As a result of its reorganization, all the company's outstanding stock, including its common stock and its cumulative second preferred convertible stock was canceled with new shares being issued to two trusts referred to as the Common Equity Trust and the Preferred Equity Trust that were entered into on Wednesday, the filing said.
"In the highly unlikely event that the value of the company's assets exceeds the amount of its allowed claims under the Chapter 11 Plan, the company will make distributions pursuant to the Chapter 11 Plan to the Common Equity Trust and the Preferred Equity Trust," the company said. Those trusts then would make distributions to the holders of their trust interests.
Enron went bankrupt in December 2001 when revelations of hidden debt, inflated profits and accounting trickery shattered its facade of success. Thousands of workers lost their jobs, and investors and shareholders lost billions of dollars.
-By Dan Lowrey, Dow Jones Newswires; 202-862-1345; dan.lowrey@dowjones.com
(END) Dow Jones Newswires
11-18-04 0827ET
Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
| IP: Logged |
posted
From what I have read, There were new shares issued today. And old shareholders are now in a trust account and if the sell of assets has any money left after paying off its debt then it will be given to those stockholders. I knew better then to get into a "Q" company. Dammit.
Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
| IP: Logged |