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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: fidopoo who wrote (1552)	8/24/2000 4:17:04 PM
From: Louis V. Lambrecht	Respond to of 100058

Actually, Shawing called the CPN yesterday. Should have waited for $90 to buy... But this market seems to go stealthly higher every day, low VIX, low volume, low volatility. Gonna break to the upside IMHO. Waiting for Flye to check his charts: have target of 5800 or 6300 on the Naz. If I wouldn't mind missing the half of a 3900-4200 rally, I would mind missing the half of a 3900-5800 rally, back to 95% invested one hour before close as you can't trust a Friday. Yesterday's CMGI action was a warning. Checked the options data: there were about 12K open interest on the Sep 40-55 strikes, and the volume of yesterday alone on these strikes were 6700. Last half session action was, IMHO, institutions covering their shorts (maybe even automated programs)as there was no possibility to hedge with options. If prices keep rising, some other limits will be triggered and one could expect other sudden rallies, exarcebated with current low volumes. I can be completely wrong also. lvlamb

To: fidopoo who wrote (1552)	8/24/2000 5:53:32 PM
From: jvbig	Read Replies (1) \| Respond to of 100058

Louis..RE CPN I worked on several power plant startups for a man who is now a plant manager/plant startup guy for cpn. If the caliber of their other employees is 1/2 of his, that would explain the stock chart. Calpine saw the potential of deregulation when it was first being considered in Washington. They are vetrans in the construction/production of gas powered plants. I felt 1 year ago that utilities stocks were a waste of time. LOL.. why buy CPN?..I had CMGI! NOTE..CPN could be choppy (always is} but need to compare this Sept.-Oct. with last year.