Just spoke to our broker, who we have been dealing with a long time and talks a lot of sense.
He reckons that a) the market is starting to price in the debt extension b) there is some short covering because of a concern that CNP and CER will run the same way as AFG et al c) there is a general feeling that stocks that have were hard hit by the crunch are not going to go bust and are starting to recover.
I tend to agree. I still think a lot of the buying is DT who may not want to hold over the weekend, so enjoy but make sure you swim between the flags.
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
