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Gold/Mining/Energy : CPN: Calpine Corporation
FRO 23.66-0.3%Nov 7 3:59 PM EST

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To: Karin who wrote (87)7/30/2001 5:45:57 PM
From: Daniel G. DeBusschere   of 555
 
Sounds bullish for CPN-
<<The officials removed were traders who bought power on behalf of the state from generator Calpine Corp. (CPN) while simultaneously holding Calpine stock.>>
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When these guys held CPN, the rest of the world thought CPN was crazy for selling 10 year electricity at $70 when they could have gotten $250 to $1000 on the spot market. I will bet these trader's really wanted to sell CPN during that period but for some reason held back.
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