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Gold/Mining/Energy : Calpine (NYSE:CPN)
CPN 15.250.0%Mar 9 4:00 PM EST

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To: j-at-home who wrote (1)12/2/2000 10:37:50 PM
From: kha vu  Read Replies (1) of 6
 
CPN: Any stock added to SP 500 would make a run up. BVSN and FRX were on the uptrend for a few days as funds accumulated. FRX was up $3-4 even on days that NASDQ was falling like a rock.
So what is wrong with CPN. On the day that the anouncement was made, CPN went as high as 40 then it is falling and stay in the 36+ range. The only news that upset this uptrend is:
biz.yahoo.com
<<<Plan for San Jose power plant dealt major setback
By Vibeke Laroi

SAN FRANCISCO, Nov 29 (Reuters) - A plan to build a controversial power plant in San Jose, the heart of California's Silicon Valley, faced a major setback after the city council rejected the proposal.
....>>>
Large blocks over 10-20,000 went thru at this bargain price of 36 on Thursday and Friday whereas this stock was recently splitted in the third week of NOV. Will it be up as the market improves next week ???? It might because MET is also added/replaced a stock in SP 500 and MET gets only fractional price boosted on FRIDAY after a big jump of +2 on Thursday.
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