I have traded CNP and sit on a profit. On Monday I sold my last lot at 29c as I didnt like the whole state of the credit markets.
There is no way to determine the value of CNP right now. Hey it may end up being 80c or it might be 0c.
Vanguard have held some since $6+. They have done a great job averaging down now.
Lots of big boys bought Bear Stearns the day before they were rescued at $30.
I try to provide a second view to draw out justification from those that are simply out and out positive.
Good luck to those that hold but I see it as a lottery at the moment and I am happy to sit on the sidelines for now and see if I can stir up the Uprampers.
Must go and water my Green hedge now.
CNP Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held