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Enron making a comeback?

Cranky

Banned Henchman #27
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Local news says the company said, 'stay tuned, we will be making an announcement in about a week'. Already hearing some negative comments with one coming Houston attorney Dan Cogdell. I know that a lot of people lost a lot of money when the bad news hit and the stock price dropped like a lead balloon but many made money on that drop including me. This 'new' Enron might be interesting....
 
There is another company with an unrelated product using that name.

I just heard it a few weeks ago.

My first thought was "WTF would they want to do that?"
 
Did you have put or call options out ?
Back then I didn't know how to that....what I did was shorted it and then covering as it bounced down. Don't remember how many times I did that but it was a lot.
 
There is another company with an unrelated product using that name.

I just heard it a few weeks ago.

My first thought was "WTF would they want to do that?"
This company shows that it is going to sell 'products' but the news clip also says they are going to also call themselves an 'energy' company....what that means is anyone's guess. Bitcoin was also mentioned.
 
In other words a middle man ... geesh beat the dead horse!
 
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I'd buy into something like that right after they teach pigs how to fly. Not happening, It's a joke!!
 
Local news says the company said, 'stay tuned, we will be making an announcement in about a week'. Already hearing some negative comments with one coming Houston attorney Dan Cogdell. I know that a lot of people lost a lot of money when the bad news hit and the stock price dropped like a lead balloon but many made money on that drop including me. This 'new' Enron might be interesting....
I wondered how long before someone mentioned "Government".
 
The market has been insanely good this year and it up today, big time!!
 
I would never invest in railways.

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I knew a guy that had one the lottery. He had a nice race car, motorhome, enclosed trailer, etc. We were bsing one evening and we started talking about finances and what it was like to suddenly have all that money. Long story short, he said he found a money manager to take care of all of it for him. Turns out this expert had 99% of his money in Enron. When it crashed, he was so far indebt I heard he had to sell everything off. Never saw him after that. I swore then I would never trust anyone to handle my money. Only me to blame.
 
I knew a guy that had one the lottery. He had a nice race car, motorhome, enclosed trailer, etc. We were bsing one evening and we started talking about finances and what it was like to suddenly have all that money. Long story short, he said he found a money manager to take care of all of it for him. Turns out this expert had 99% of his money in Enron. When it crashed, he was so far indebt I heard he had to sell everything off. Never saw him after that. I swore then I would never trust anyone to handle my money. Only me to blame.
It's called diversifying, and that man should have known better. The man I use knows one thing for sure, I worked extremely hard for what I have and he knows I'll cut off his balls if he plays. He makes my house payment and I would know long before I lost it if he didn't make the payments. Trust, not blind trust. You MUST always be conscious and fully prepared that trust can be broken. You MUST periodically carry out tests to evaluate the trust you have in that person. The only person I blindly trust is my wife. If she wants half, I can live with that..........
 
ENRON was one of my first investing stocks besides my G.E.
Lost about 3k on that one. Just my luck!
 
Investing in stocks is like a combination of draw poker and dungeons and dragons.

Also- if you can't afford to lose.....don't play.

Pricing is based on pure future speculation and hype.

...although a solid company with good management can make gains on performance alone.
 
ENRON was one of my first investing stocks besides my G.E.
Lost about 3k on that one. Just my luck!
When most people think GE, they think about light bulbs, televisions, and washing machines. GE was born out of the race to provide affordable light and electricity to fuel the growth of America. They're living proof that the bigger you are, the harder they fall. They thought one company could do it all. I owned them 30 years ago and bottom fished them for a while and sold when I could finally call it even.
 
GE was once my largest holding.
Circa 2005-ish.
It payed a decent dividend and I sold for a modest gain when they started going south IMO.
 
It's called diversifying, and that man should have known better. The man I use knows one thing for sure, I worked extremely hard for what I have and he knows I'll cut off his balls if he plays. He makes my house payment and I would know long before I lost it if he didn't make the payments. Trust, not blind trust. You MUST always be conscious and fully prepared that trust can be broken. You MUST periodically carry out tests to evaluate the trust you have in that person. The only person I blindly trust is my wife. If she wants half, I can live with that..........
Due diligence. I spent several years vetting my attorney, and it was worth it.
 
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