I personally believe yesterday was a mix of bigger end of town taking a hefty position and traders saw it and jumped in too. The retrace before the trading halt came when these big players stopped buyer and not much was dumped in this time before the halt.
CNP can keep it as quiet as they like but with different companies looking into the CNP situation...some leaks obvisouly got out so I think CNP is close to announcing...real close.
I am staying in either way now as I dont see CNP worth 50 cent...at least $1 in my opinion.
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I personally believe yesterday was a mix of bigger end of town...
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