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medchal

03/18/08 10:02 AM

#13228 RE: a_charting_god #13225

"most people would pronounce enron dead as well but the funny thing is you can still make money on its stock"

You should quit posting this (off-topic) misinformation. Someone might take you seriously. There is no trading symbol for the common stock in the company (which is now Enron Creditors Recovery Corp.), so other than by assigning a paper certificate to your drunken uncle Louis in exchange for his pocket change, how would one make money on it now?

http://www.enron.com/index.php?option=com_content&task=view&id=17&Itemid=27#1

From the FAQ at the web site:

"I owned Enron stock. Will distributions be made to its former shareholders?

"At this time, it is not believed that the value of Enron Corp.’s assets will exceed the amount of its allowed claims. Therefore, we do not expect the Enron Bankruptcy Estate to ever make distributions to the former holders of Enron Corp. stock. However, if this highly unlikely event does occur, a notice will be posted on www.enron.com. Certain lawsuits were filed on behalf of former holders of Enron Corp. stock. You should consult your attorney with questions regarding any of these lawsuits."

What a "savvy trader" you are, indeed.