This stock hit 13 yesterday, ran to 30, pulled back to 22, ran to 30, and went from 30 to 38 today and then pulled back to 35.
They had exposure to Lehman of $150 million in a $6.13 billion credit facility, and they announced a $2 billion line today.
Tomorrow the naked shorting on this stock won't be allowed.
I don't have an opinion on CEG's books, but if you can't trade this number with it's volatility, what do you want to trade?
It should get a push from the longs with the short sales rules.
Evergreen Solar (ESLR 5.10) also did a capped-call transaction with Lehman and the stock got crushed.
Surf these numbers with the day traders!
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