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Calpine Corp. Message Board

  • marty00_99 marty00_99 May 24, 2000 3:10 PM Flag


    Carnage Not over yet...
    Could be
    Valuations Still too high based on historical
    Still fighting an aggressive fed...
    Puts to calls
    ratio poor...
    Mutual Funds cash positions still
    Bull to bears improving somewhat still bad...
    I heard, and is calling no buying opportunity at
    this point...I posted a warning on this in Feb that he
    went 100% cash and how I have followed him for 12
    years and he is rarely wrong and has made me a ton of
    cash, metaphorically speaking I was pelted with tomatos
    for giving this bearish news...Thought I'd be sure to
    let you all know if and when he says to pile back in
    to the market...I believe a sentiment shift in CPN
    is going on that it is way overvalued, too many
    splits and a pot full of excalating debt, means more
    shares to me and you know happened last time they did
    it, it tanked like this a couple of days before the
    announcement, if their going to do it they should do it at the
    close today to get it over with way before the split...

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16.16+0.27(+1.70%)3:17 PMEDT