The heavy volume today represents informed buying. The extra billion dollars will give AEP a cushion and insure the dividend payout at the .35 level. With the huge energy demand, you're gonna see some great numbers for Q1. Guess what? We now have a lot of shorts trapped in these shares and they don't have anywhere to go. Have you been listening to the screaming? Sounds like a bunch of stuck pigs squealing and the sounds will get louder as we take their money. Ain't life grand!
wait a minute. there is going to be 50mm shares flooding the market. oh no, i am worried that i won't be able to cover my short. where will the shares be??? oh, man, i am crapping in my pants. I see a real short squeeze coming on.
Considering AEP will have traded 10 million shares today, there is ample evidence that there will be willing buyers for the 50 million shares at around 21. The dillution and dividend cut are now built into the price, and the market has spoken. . . what isn't built into the price is the great first quarter earnings on cold, cold, cold weather! EVEN in Texas. . .