Newsweek Cover: 'Enron. Burned!'

Hart Energy Markets ^ | Jan. 13 -02 | PRNewswire

[Semaphore Heathcliffe]

Go to Yahoo! Finance, get a stock chart...

This is great! Thanks for the tip; I've always wondered where to find old quotes.

[razorback-bert]

What the!

Looking at the bump in the chart above, I have to ask why did the price go up in October and the volume down.

I had no point or hidden agenda ,just the simple question WHY!

What is so hard to understand about that.

I wanted someone who keeps up with the marker to answer my question, which is why did Enron's stock price rise in October?

Can you get your mind around the idea that I was really asking a question and nothing else.

[razorback-bert]

I am aware that a small group offering to buy and buying at a sky high price can affect closing price, I want to know what was driving Enron's price in Oct.

It was in a slide for months and started a rally in October.

[A Citizen Reporter]

"I wanted someone who keeps up with the marker to answer my question, which is why did Enron's stock price rise in October?

I dunno bert, I'm not someone who "keeps up with the market" who can answer your question. I'm simply somebody that figured out how to post a very illustritive chart to FR. But as long as your asking, what "drove demand" during this 00-01 period? I'm not seeing a lot of volume.....

[Commiewatcher]

"This is great! Thanks for the tip; I've always wondered where to find old quotes."

You're welcome. Try stockcharts.com for some other good free tech analysis tools, data, and charts.

[Sandy]

I sincerely hope you find what you were looking for to prove your point.

He's not trying to prove a point. He's asking questions because he doesn't know the answers. Try dropping your defensive posture and just read what's written. Sheez. :-p

[Southack]

Figuratively skulls full of mush.

< Sigh >

[A Citizen Reporter]

Hey, Pssst....I get it! ;-)

[razorback-bert]

Supply and demand does. If people hold stock, it's price will rise

True, but maybe people weren't holding the stock voluntarily. I have lost track of the lock-out timeline.

Which is my question, why the rise then?

[Sandy]

Yeah, right.

[Professional]

The stock went up because the price was cheap and the company was perceived to be well run with plenty of long term potential for gain. Wall Street analysts had heavy buy, and strong buy, recommendations on ENE. None of them knew how screwed up the books were. I'm a professional investor and I feel lucky I didn't stumble across it fast enough, cause my value method would have led me to purchase it for clients.

[Wphile]

I have lost track of the lock-out time.

Last of October/first of November. Doesn't look like much of a rally during that period. The bump in the stock price could be from some false hope of additional financing. Enron was in the news a lot and traders responded to just about every comment.

[razorback-bert]

Ah ha, what I was looking for.

Thank you.

I knew Freepers would have the answer.

[Professional]

Were you the one asking about volume too?

A stock can go up on light volume because there are EXTREMELY few motivated sellers. So, a few buyers make the stock move higher, because every ask side order is wiped out quickly without any depth.

Use a mirror for the opposite. Light volume driving a stock down is a simple issue of very few willing new buyers.

Really, the whole thing is very rubik's cube (sp)unless you're a professional. A good reason why I cringe when I hear about people that are going to do it on their own. Granted, some of the other pro's I know, make me cringe too!

[A Citizen Reporter]

Oh, sorry Sandy, Let us not let facts get in the way of the spin....doncha know.....this one was VERY kind of you....

"To: katherineisgreat

Oh man! People are gonna be making jokes about this for weeks, probably longer. At least it happened in private. Didn't his dad once throw-up or pass out (or something) at some overseas state dinner? How embarrassing.

171 posted on 1/13/02 11:46 PM Central by Sandy

[razorback-bert]

Granted, some of the other pro's I know, make me cringe too!

That is true in other business too.

I have to wonder at the faith people put in CEOs who move from widgets to thingabobs with no real knowledge of the thingabob industry.

[Professional]

Absolutely. Didn't someone go from Coke to IBM or vice versa something similar?

A CEO goes to meetings, funerals, and poses for cameras. Only a small business CEO actually ever DOES anything. I can barely stand to read my firms memo's, full of fluff words and hype.

[piasa]

Take two Pamprin and call us in the morning.

[A Citizen Reporter]

Pardon?

[jwh_Denver]

On the chart you posted you can't really see that during that small runup the volume was either a little above or below the 60 EMA for volume. I don't see anything abnormal in the chart for the time period you're looking at.