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


To: Winkman777 who wrote (222)12/20/2001 11:36:48 AM
From: Hawkmoon  Respond to of 555
 
Oh shoot.. that screws up my analysis.. I thought the debentures were discounted, not issued at a premium convertible at @ $18/share. I was expecting $10-11/share conversion.

That bodes well for CPN once tax loss selling is over and we enter a new trading year. It should provide some strong support for the stock there and room to move to $25-30/share on a rally.

Hawk