Calpine (CPN)

[skitters]

Flatlined

Well the stock seems to have flatline but accumulation is
continuing at a steady pace.

Not sure of this action play.
October brought 14.2Million extra

sale process for Aries plant, initially obtained a $158.5 million bid from Aquila, Inc. Then was bid out by Kelson Holdings, LLC for $233.6 million, so a postive $75.1Million

The recent article was a positive one about Calpine and others like NorthWest Airlines

Now Calpine has fixed income from energy sales
Northwest is in flux with the Airtravel industry

So without a new PR of positive news of sales or possible buy-out we can expect the slump to remain

Side note:
Northwest posted a $37 million profit(NOV 30 PR) for October and the stock flatlined from Dec 1 to Dec 7th. So we may be seeing the same result from yesterdays PR.

Northwest pulled out of the slump when it PR Dec 7th, hiring of Evercore and climbing ever since.