Calpine (CPN)

[skitters]

It a day for beating down midcaps

Delta and Calpine both are in a down slope with Calpine losing 10 cents a day for the last 3 days.
Delta is losing 13 cents by mid-day trading. The midcaps in genral are all being bearish today.

U.S. Airways says it will continue pursuing a deal with Delta Air Lines even if the board it out of favor.

Delta is due to get out of BK in the Spring while Calpine is expecting a exit around June.

There seems to be resistance to Delta dropping below $1.30 today.

I hope there is resistance to Calpine dropping below $1.00 for the rest of the week or we will have lost 4 days worth of gain.