Two Plus Two Older Archives - Recipe for disaster

Two Plus Two Older Archives (http://archives2.twoplustwo.com/index.php)

- The Stock Market (http://archives2.twoplustwo.com/forumdisplay.php?f=28)

- - Recipe for disaster (http://archives2.twoplustwo.com/showthread.php?t=1443)

03-22-2002 11:20 AM

Recipe for disaster

In the last month the short open interest in CPN

(Calpine) has climbed from approx 70M to 89M

shares.The total amount of shares is only 305M.

All the shares shorted in the last month would have been sold under $12.00 The price of CPN is presently about $14.60

Any thoughts stock traders?

03-22-2002 12:52 PM

Re: Recipe for disaster

Hi Dr. Bill,

CPN

On the monthly chart this topped out in 3/01.

Both the weekly and daily charts offer no encouragement to me. In addition volume is off as well, and it looks overbought.

The upturn on the daily is normal off a new low. Can't see it higher than the 16.50 area before it turns down to confirm the low.

A weekly close above 17.50 would be needed for me to reverse.

I have no interest here.

steveb

03-22-2002 12:55 PM

Re: Recipe for disaster(Thanks) *NM*

03-22-2002 01:36 PM

thought 1: don\'t short, buy puts:)

Maybe they are spread or hedged against CPN fixed-income obligations somehow.

eLROY

All times are GMT -4. The time now is 12:00 AM.