CNP 0.00% 4.0¢ cnpr group

MackRe...

  1. 4,245 Posts.
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    Mack

    Re -

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    My basis for being positive on cnp re the hedge ann is that i expected that bigger players buying Friday etc would have been fully aware that the last ann was highly likely, and would be factored in accordingly.

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    As I posted somewhere recently in one of the other threads, I too felt that it was the bigger players pushing the SP of CNP on Friday, not the general punter. So unless they have have got it wrong? I can't see the late announcemnet alone having a huge effct on Mondays SP.

    What type of pullback do you envisage on Monday? (apart from like you said barring an early positive announcement from CNP). I know......how long is a piece of string, but I always like getting an idea from experienced traders like yourself.

    Cheers

    eMark
 
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