Bill Wexler's Trading Cabana Message Board

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Non-Tech : Bill Wexler's Trading Cabana

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To: RockyBalboa who wrote (5481)	5/15/2009 11:47:16 AM
From: RockyBalboa	Read Replies (2) of 6370

Firstenergy has been downgraded after an auction of new 3-y electricity contracts delivered poor prices. Stock was off to 36 an unseen low. The bond market in FE disagrees. finance.yahoo.com More than often the stock market is wrong on the company prospect. DRYS is a good example. It run up to 7.5 today as there is a new waiver for 600MM debt granted (DRYS is out of compliance with nearly every lender). But theses waivers have a price. DRYS is given the poor market in shipping, absurdly overvalued.

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