Thursday, July 24, 2003 7:33:13 PM
I believe that EELN qualifies as a competitor to ENFN. However, eeln is quite profitable and much more diversified than enfn. EELN actually has a low PE and solid balance sheet. EELN released very good eps today...and whammo! EELN's action was seen by me as a warning sign that enfn's sector is starting to cool off. If you are a patient man, I imagine your investment in enfn may pay off quite nicely. As for me, I prefer the action of going long sina for 2.5 pts and then shorting for 1 pt...all in the same day. So, enfn is too slow for a shark to toy with. I dumped my entire position for a $350 loss...and made that back in 15 minutes shorting amzn for a quick dip & out during a pump & dump.
By the by, in my humble opinion, it is the movement in the 10 year rates that should concern you.
Over & Out for good,
and Happy INVESTING,
The Shark
prston@msn.com
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