Enron jumps 18 points in two days. In my Dec. 13 column , I named Enron my top pick in energy, based on rising oil prices, as well as the company's plans to build a high-capacity fiber optic network. That stunning leap came in the wake of Enron's annual analyst conference, at which management outlined solid plans for energy wholesaling and retailing, as well as its gas pipeline operations. But what really turbocharged the stock was news that Enron had reached an agreement with Sun Microsystems to develop broadband Internet services a sign that Enron's fiber optic investment may pay off big. There's no question that things look good, but I'd think twice before adding to your position at these higher levels.
Profits are strong.
Inflation is tame. But you still need a smart strategy to cash in, and Michael Sivy provides one. Time Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited. Our Privacy Policy .