Whilst I have no intention of taking a short term profit on my position, I do believe CNP now presents some opportunity for the short term traders. Tax loss selling is out of the way & we are now starting to hear news of possible asset sales. Once the lines of stock around 25-26 cents disappear, it should move to the 28 cents plus level. Any new information could cause a short term spike given we no longer face large sellers who wanted out by 30/6/2008. CNP has always had the ability to run on the back of short term traders buying.
Good luck to both long & short term traders, but remember the big gains come from sitting tight.
Regards
Buffett
trading opportunity
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)