This market is wildly oversold? On what basis? I'm very interested to know your reasoning on this one.
As for EP, it hasn't been accused of floating a few trades. Their merchant energy side has been cleared of any wrong-doing thus far. The real reason it's down is an initial FERC decision (by one judge) that EP withheld pipeline capacity since they didn't pump at their maximum? Big difference. Try reading the specifics. The initial FERC ruling was either gross incompetance, purely political or both. It'll get overturned. Just a question of time. Pension shortfall? As of last year it was overfunded. It may be short this year, don't know. Numbers won't get published till Feb 2003, but of the S&P 500 companies with pension plans theirs is in the upper tier for funding. Of course it's easy for me to be bullish since my basis about 5.3.
Get those techs while they're cheap. Buying op of a lifetime. We're going straight back to Naz 5000 from here.
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