Is it just me, or is this stock completely traded on sentiment, day in day out.
I mean, who didn’t expect CNP to have massive right downs of assets? I mean if you have stock in this company and you see the announcement from the other day, do you really sit there and go, "I wasn’t expecting that.". Sorry to blabber on I am just shocked at the reaction over the last couple of days.
Interesting though that the shorts are still staying quite low. 4,767,346 by last count. Down from an avg of 14,000,000.
I thought that asset write-down’s were already clearly factored into the stock price. I guess I was wrong…
Still holding, maybe to my doom but my guess is this is probably just another low before the usual slight rebound we see, unless of course we get some good news.
CNP Price at posting:
0.0¢ Sentiment: None Disclosure: Held
