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Gold/Mining/Energy : Calpine Corp (CPN) -- Ignore unavailable to you. Want to Upgrade?

To: LemonHead who wrote (9)	8/8/2000 1:28:31 AM
From: fuzzymath	Respond to of 80

Hi Keith. I'm not sure if this is a good AIM stock -- it's pattern has been a pretty smooth upward ascent for the past two years. I'd characterize it more as a "buy on any dips" stock. At least, that would have worked great in the past two years. From 20 a year ago to 80 now isn't my normal kind of stock. What impresses me with CPN is the very minimal drawdowns when it does dip, and the below average volatility (characteristic of its energy/utility grouping). To me it just looks like a great "Buy and Hold" stock. But -- its PE is in the 60s, so clearly there is potential for something to go wrong if earnings suddenly failed. Kevin