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Politics : High Tolerance Plasticity

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To: jim_p who wrote (11116)12/14/2001 4:56:13 PM
From: Winkman777  Read Replies (2) of 23153
 
Jim, I agree that CPN may go lower,

<<I do feel the stock will go lower, not based on valuation but based on the current investor fear of the sector, tax selling, the high leverage of CPN, the ENE fear factor, the uncertainty...>>

But because of valuation, it will rise again to maybe 20 in a few months. Every share I own is covered with a call. I will continue to buy and sell cc's if it keeps dropping I will keep buying. Also I will keep selling puts. I prefer July 10's, a good AC time of year. They really need to cut back on their new build program.

I really appreciate your sharing your knowledge and experience in the energy bidness. Good luck. Winkman
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