to be expected... I don't know where some of the $3 predictions come from on news that doesn't significantly alter CNP's position - 2 months is still a forced sell scenario and reduced prices will remain implicit...
if the market was fair the sp would have shot up quite a lot this morning seeing how it has fallen on similarly insignificant news on the negative side...
well we know that the one thing the market isn;t ... is fair...
in any case I think the sp will slowly push up to $1 as confidence returns and quite honestly i think i'd prefer a less volatile pattern from here...
would strengthen the notion of company stability if nothing else...
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held