POST OF THE DAY
Enron
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By galagan
November 29, 2001

Posts selected for this feature rarely stand alone. They are usually a part of an ongoing thread, and are out of context when presented here. The material should be read in that light. How are these posts selected? Click here to find out and nominate a post yourself!

I've learned a lot from this debacle:

1. Trying to figure out when a falling stock is going to stop falling is close to impossible.

2. When traders price a stock as if a deal is going to fall through, believe them.

3. Too often I have been upset with myself for not getting in on a stock when it subsequently rose. Rarely do I give myself any credit for not getting in on a stock when it subsequently falls. I thought about buying in at $20, $10, and $5. I never did. That failure to act saved me $2,000.

4. No company is too big, too dominant in its industry, too anything to fail.

5. Demand full information. When a company refuses to give it, assume the worst.

I strongly suspect they'll be shutting this board down soon, but it's been fun watching everybody talk about this. Best of luck to all.

dan

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