Thursday, September 13, 2007 10:17:42 PM
Noticed from the August OTCBB Monthly Share Volume Report that Dahlman Rose was buying a crap load of Calpine (CPNLQ) last month, and couldn't help but wonder why.
Although there's not a lot of recent info on IHUB about it ... it looks like Calpine is in the last stages of preparing to emerge from bankruptcy. Just IMO ... but I suspect Dahlman was anticpating shareholder friendly news to emerge, and was putting most of their efforts into front-end loading the boat.
Incidentally ... it looks like things took a turn in the opposite direction, judging by today's news release:
http://biz.yahoo.com/ap/070913/calpine_bankruptcy.html?.v=1
...and the recent drop in Calpine's PPS. But who knows, maybe it will work out for the shareholders in the end.
Anyway, my point. Where Dahlman was heavily focused on buying CPNLQ last month due to the above ... I think their focus has now shifted to the company in last month's #2 spot -- DPDW. As I say, this is just my opinion ... but I personally see it as very bullish.
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