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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: daryll40 who wrote (96)8/7/2001 7:55:23 PM
From: Daniel G. DeBusschere  Read Replies (1) of 555
 
I am bullish on CPN for long term-
but I am concerned about the reporting of a glut. I sold my position today figuring to buy it back at a lower level. I may lose out. There really is no glut because the newer plants are so much more cost effective than the older plants that the older plants will be retired. CPN is the low cost producer and should survive nicely.
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