isn't this stock being deleted once it comes of of bankruptcy? i don't think equity holders are getting anything in the reorg.
Posted by dollar13 on :
chart started to look nice
after todays news:
unit BG North America has received antitrust clearance from the Federal Trade Commission to buy Dighton power plant from CALPINE corp. For $90.2 millions
3,000,000+ volume yesterday
3,000,000+ volume today
Posted by dollar13 on :
by the way the last trade was 1,000,000 at .355
Posted by dollar13 on :
46 mm's at the BID and 44 mm's at the ASK
i wonder if they are getting ready for something Posted by dollar13 on :
today another trade after hours 6,324,431 at .345 time 16:37
???????????????????????
Posted by luckyjohn7or11 on :
HAY DOLLAR LETS RIDE THIS PUPPY TO THE MOON .I FEEL JUST AS STRONG AS YOU NATURL GAS IS HALF PRICE FROM TOP .THE TOP WAS WIN SHE BUSTED .AUGUST IS GOING TO BE BIG ON THE BOOKS BECAUSE ELETRIC WAS SELLING HIGH AND NATRUAL GAS WAS SELLING LOW.GOOD TO FIND SOME THAT THINKS THE SAME AS ME GOT 95000 SHARES AND HOLDING .
Posted by luckyjohn7or11 on :
i was wonder about 19,000,000 shares trade today and price still the same.
at 0.0345 Posted by luckyjohn7or11 on :
IT WAS A ARANGED TRADE WERE THERE IS REAL CLOSE BID AND ASK WERE YOU CAN NOT ENTER FEAR VERY EASLY.
Posted by luckyjohn7or11 on :
I HOPE THE NEWS FOLLOWS WITH A SWING UP TO THE MOON.PAPA NEEDS A NEW PAIR OF SHOES.
Posted by luckyjohn7or11 on :
Electrifying hit me again I just love a good gamble .life is but a box of chocolate you never now what your going to get. I got 95000 shares .325 and she is fixing to rock earning will be in 11-09-2006 and those 200.000.000 or sow shorted shares are going to be in ICU hollering doctor please doctor please can you help me. I will hold a moment of silence in there memory.
Posted by dollar13 on :
no chitt since you sayy than you are holding 95000 shares
LMAO
oho yeehhssa i need zap too
Posted by luckyjohn7or11 on :
I should have used spell check sorry about that. I will try to explain better this time. Whit spell check on they call it an arranged trade the bid and the ask are real close you can not profit from there action no major price change if you don’t like that explanation I will give you a another Webb site to back it up.
Posted by luckyjohn7or11 on :
shares short are you that dum
Posted by luckyjohn7or11 on :
Time and patients is the road to success sorry about losing my cool dollar you are nice guy. And I will try not to step on your toes anymore I just really believe in this as a positive opportunity. And the old saying is if you can’t take the heat stay out of the kitchen. Posted by dollar13 on :
Here is prof of short volume
yeeeeeaah i am the dummmmm
Posted by dollar13 on :
actually i am waiting for the heat
Posted by luckyjohn7or11 on :
recent news shorted shares down in september
Tuesday , September 26, 2006 18:18 ET
According to new short interest data from OTCBB.com, short interest for Calpine Corporation (OTC: CPNLQ) DECREASED 2.5% to 92,525,641 shares for the month ended mid-September, 2006.
SYMBOL AUGUST SEPTEMBER CHANGE %CHANGE DAYS/COVER -------- ------------- ------------- ------------- ------------ ---------- CPNLQ 94,884,130 92,525,641 -2,358,489 -2.49% 68
Based on CPNLQ's 20-day average daily share volume of 1,368,998, it would require approximately 68 day(s) of buying to cover this short interest.
Posted by luckyjohn7or11 on :
OVER 17 DAYS TO COVER SHORTS ON DAILY AVG =200000000 IN SHORT VALUE LETS BRAKE THE SHORTS IN ON A LITTLE PAYBACK BABY.
short interest is 94,884,130 shares in August..
you were write dollar good call
Posted by luckyjohn7or11 on :
HOUSTON LIFT OFF IN SEX WEEKS Earnings Releases SYMBOL PERIOD EPS ESTIMATE EPS ACTUAL PREV. YEAR ACTUAL DATE/TIME (ET) CPNLQ Q3 2006 n/a n/a -$ 0.17 30-Oct-06 - 9-Nov-06 CPNLQ Q2 2006 n/a -$ 1.71 -$ 0.51 14-Aug-06 CPNLQ Q1 2006 n/a -$ 1.23 -$ 0.38 3-Jul-06 CPNLQ Q3 2005 -$ 0.04 -$ 0.17 -$ 0.08 3-Nov-05 BMO CPNLQ Q2 2005 -$ 0.29 -$ 0.51 -$ 0.30 3-Aug-05 BMO CPNLQ Q1 2005 -$ 0.32 -$ 0.38 -$ 0.20 5-May-05 BMO CPNLQ Q4 2004 -$ 0.19 -$ 0.23 -$ 0.13 24-Feb-05 BMO
Posted by luckyjohn7or11 on :
More than 12 million reasons…
Earlier this month, Calpine (CPNLQ.PK) announced that it had hired Bob May to be its new CEO, after Peter Cartwright was removed by the company’s directors at the end of November. May, 56, a turnaround expert who most recently served as interim CEO at Healthsouth (HLSH.PK). Last week, Calpine filed for bankruptcy protection. But before they did that, they inked this employment agreement with May that was filed with the SEC yesterday.
The most striking thing about the agreement is that May will collect a $12 million “success fee” if the company’s bankruptcy plan is approved either during May’s tenure or within a year following his departure from the company. That’s certainly a hefty incentive to get the job done. Equally interesting is the $2 million signing bonus May was set to collect yesterday and a guaranteed minimum bonus of $2.25 million at the end of next year and a $1.5 million guaranteed bonus at the end of 2007 of $1.5 million. That’s on top of the $1.5 million in annual salary. Needless to say, none of those details were included in May’s hiring announcement.
Now I’ve interviewed May two months ago for an article I worked on for Worth magazine and he certainly seems like a bright, talented guy. But that’s still a whole heap of money, given that it’s only a two year contract. Is he worth that kind of cash? Calpine’s board apparently believes so. And, since the contract was entered into a week before the company filed its Chapter 11 petition, I’m pretty sure (thought correct me if I’m wrong) the bankruptcy court has no say on this one.
Posted by luckyjohn7or11 on :
Stochastic is an oscillator. An oscillator compares the current price of a stock to its trading range in the recent past. It tells us if the current price is unsustainable and about to turn around and head in the other direction. Stochastic helps identify turning points as prices swing back and forth within the scope of the more significant trend identified by MACD. Stochastic can be used to time trades effectively, but it needs to be used in conjunction with MACD. If MACD indicates an uptrend, stochastic can be used to time trades in the direction of that trend (up). If MACD indicates a downtrend, stochastic can be used to time trades in the direction of that trend (down). You don't want to trade opposite the direction of the broader trend! In my opinion this stock is planning but I hope to see it hit forty cents next week it will probably not hold but would be top for next swing on oversold side of stochastic making forward movement before dropping back to thirty-five cents. It will take proven income to really make the ball start to roll. I started to play top at thirty-six cents and buy delta after crash but got cold feet that was a mistake. I could be thirty percent better off right now but fear held me back. I was not sure it would swing back in a couple days but it did.
Posted by dollar13 on :
Ha dollar do you think this next quarter will be good.
Posted by dollar13 on :
chiiit i dont know go by your DD and i will go by my gutsf... LMAO
Posted by luckyjohn7or11 on :
SAN FRANCISCO, Sept 13 - Bankrupt power producer Calpine Corp required to submit monthly financial reports to the U.S. Bankruptcy Court for the Southern District of New York, said on Wednesday it posted a profit for July, citing record demand for electricity during a nationwide heat wave. Calpine said in a regulatory filing that it had net income of $92.2 million in July, its first monthly profit since it filed for Chapter 11 bankruptcy protection last December. The San Jose, California-based company reported a net loss of $336.3 million in June. Revenues rose by 37 percent from June, to $784.7 million. "The third quarter is traditionally the strongest quarter for Calpine due to the summer-peak nature of our market," Katherine Potter, Calpine spokeswoman, said. Total spark spreads -- the difference between the cost of generation and its selling price -- rose in July to about $285 million from $226 million in June, the company said. Electrifying Houston we will have lift off in four weeks. Earnings Releases SYMBOL PERIOD EPS ESTIMATE EPS ACTUAL PREV. YEAR ACTUAL DATE/TIME (ET) CPNLQ Q3 2006 n/a n/a -$ 0.17---------------------------30-Oct-06 -9-Nov-06
BUFFETT said any possible target must be "very large." Berkshire is looking at businesses such as utilities, both in the U.S. and abroad, he added. "My guess is that in the next 10 years we will buy one or two or three" utilities, Buffet said. "We are familiar with all the large utility operations in the U.S. and some outside the U.S. We would look at any one that indicates an interest." I hope the big fish bites the hook and use little fish can catch some leftovers win the shorts get the royal flush. I will have a moment of silence in there behalf .ye ha
WTF high of the day 0.41 Posted by luckyjohn7or11 on :
She loves me she loves me not EARNINGS POSSIBLE DATE 10-30 THRU 11-09 YE HA Will the second of the ten possible pebbles of the flower was a love me. Now tomorrow is another chance in the game of life. But my momma told me if you can’t take the heat stay out of the kitchen and I loved my momma cooking too much to stay out of the kitchen. So let’s smell the roses and eat some of mammas cooken just don’t get caught sneaking a piece of chicken cause then you might half to wash them dishes. YOU CAN TAKE THE BOY OUT THE COUNTRY BUT YOU CAN’T TAKE THE COUNTRY OUT THE BOY Were in the money shorts beware because you are about to get a whipped like you never been whipped before. Houston lift off in seven days are less this whipping goanna hurt worst than hickory switch that granny made me pick. I have hade a few spankings in my time but granny could make me do the jig.
Posted by dollar13 on :
quote:Originally posted by luckyjohn7or11: Electrifying hit me again I just love a good gamble .life is but a box of chocolate you never now what your going to get. I got 95000 shares .325 and she is fixing to rock earning will be in 11-09-2006 and those 200.000.000 or sow shorted shares are going to be in ICU hollering doctor please doctor please can you help me. I will hold a moment of silence in there memory.
good gamble uhh LMAO
tell me about it . Posted by dollar13 on :
0.44
Posted by dollar13 on :
COME ON O.5's
Posted by luckyjohn7or11 on :
FTC approved early release from bankruptcy's.no date given posted this morning.Not sure witch way to go gonna lock use in until it is settled seven or eleven come on eleven.
Posted by luckyjohn7or11 on :
Application Given Early Antitrust Clearance By FTC
The Hart-Scott-Rodino Act requires under certain circumstances that prospective acquirers of voting securities or assets apply for clearance from regulators, Requests for early termination or clearance are granted when the Federal Trade Commission and the antitrust division of the department of justice have determined that they won’t take enforcement action during the waiting period. Date terminated Wednesday I do not understand what this means please give me your opinion. If they come out of b.k. we could be in trouble .
Posted by dollar13 on :
quote:Originally posted by luckyjohn7or11: Application Given Early Antitrust Clearance By FTC
The Hart-Scott-Rodino Act requires under certain circumstances that prospective acquirers of voting securities or assets apply for clearance from regulators, Requests for early termination or clearance are granted when the Federal Trade Commission and the antitrust division of the department of justice have determined that they won’t take enforcement action during the waiting period. Date terminated Wednesday I do not understand what this means please give me your opinion. If they come out of b.k. we could be in trouble .
This is not a company PR is only DOW JONES reports
i found you another one just like it from September 20 2006.
I bought in 32.5 cents but i do not want to ride to long.If they come out of chapter 11, I would be lost never did that before.I watch OWENQ go thru and the shares went in to warrants but it was something new to me.When do you think calpine will try to come out of chapter 11 and what will happen to our shares.Looking for help understanding please.NEW AT THIS GAME Posted by dollar13 on :
quote:Originally posted by luckyjohn7or11: I bought in 32.5 cents but i do not want to ride to long.If they come out of chapter 11, I would be lost never did that before.I watch OWENQ go thru and the shares went in to warrants but it was something new to me.When do you think calpine will try to come out of chapter 11 and what will happen to our shares.Looking for help understanding please.NEW AT THIS GAME
it's hard to say how long they will take to emerge from backrupcy ,Power company MIRANT it took them 30 months to emerge .
what happend to your shares after the emerge?
In most bankruptcies, the common shares are canceled when the company emerge from Bankrupcy.
GET OUT BEFORE THE EMERGE IMHO.
Posted by dollar13 on :
I was also reading at INVESTORVILLAGE a post from $maker about the company total debt.
The way i understand is than the TOTAL DEBT has decrease in NOVEMBER from 16.32b to 7.64b, probably that explain the recent PPS increase.
Posted by luckyjohn7or11 on :
Calpine Reports 3Q Net Income $1.6M Vs Net Loss $216.6M It look pretty good to me.
Posted by metal1 on :
will probably go the way of Owens corning. maybe get some warrants but no equity shares when they emerge from BK. debt has been dropping but thats because they have been selling various assets to pay down the debt. the debt holders are essentially in control at the moment through the BK court. can't imagine current equity holders getting anyting in the reorg except some warrants. should still be some swings in the Q stock for trading though.
Posted by dollar13 on :
Date Open High Low Last Change Volume % Change 11/10/06 0.3700 0.4050 0.3700 0.4000 +0.0350 3090800 +9.59%
Composite Indicator Trend Spotter TM Buy
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Sell 20 Day Bollinger Bands Hold
Short Term Indicators Average: 40% - Buy 20-Day Average Volume - 3338400
Medium Term Indicators 40 Day Commodity Channel Index Buy 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Sell 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 50% - Buy 50-Day Average Volume - 2831932
Long Term Indicators 60 Day Commodity Channel Index Buy 100 Day Moving Average vs Price Buy 50 - 100 Day MACD Oscillator Sell
Long Term Indicators Average: 33% - Buy 100-Day Average Volume - 2578969
Overall Average: 48% - Buy
Price Support Pivot Point Resistance
0.4000 0.3567 0.3917 0.4267
Posted by dollar13 on :
Going for it Sold at 54.5 going to try to get bump. Hopping it drops back to .45 or lower tomorrow. I got one in hand instead of two in the bush.ye ha Posted by dollar13 on :
Date Open High Low Last Change Volume % Change 11/16/06 0.4750 0.5950 0.3800 0.5600 +0.1000 24377885 +21.74%
Msg: 1221 of 1232 11/17/2006 2:50:11 PM Recs: 0 Sentiment: Not Disclosed By: Dave_D Send PM Profile Ignore Recommend Add To Favorites Posted as a reply to msg 1220 by radchemer
Re: 65 cents. Who'da thunk it. eom I would've...and did. Calpine's going a lot further than you think.
Join Date: Jan 2005 Location: Michigan Posts: 1,661 See the chart, looks like it did something similiar in the past six months and came back down. Could make a quick buck thou, just trade with caution and only if you can keep a constant watch.
Keep your entry and exit points firm and be ready to pull the trigger.
Of course with my disclosure; It's just my opinion
Posted by dollar13 on :
WOW
Date Open High Low Last Change Volume % Change 11/20/06 0.6275 0.7050 0.6250 0.7000 +0.0800 15078174 +12.90%
Composite Indicator Trend Spotter TM Buy
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Buy
Short Term Indicators Average: 100% - Buy 20-Day Average Volume - 6640458
Medium Term Indicators 40 Day Commodity Channel Index Buy 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Buy 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy 50-Day Average Volume - 4139109
Long Term Indicators 60 Day Commodity Channel Index Buy 100 Day Moving Average vs Price Buy 50 - 100 Day MACD Oscillator Sell
Long Term Indicators Average: 33% - Buy 100-Day Average Volume - 3169877
Overall Average: 88% - Buy
Price *** Support ***Pivot Point **Resistance
0.7000***0.5967****0.6767******0.7567
Posted by dollar13 on :
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Buy
Short Term Indicators Average: 100% - Buy 20-Day Average Volume - 9610281
Medium Term Indicators 40 Day Commodity Channel Index Buy 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Buy 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy 50-Day Average Volume - 5545143
Long Term Indicators 60 Day Commodity Channel Index Buy 100 Day Moving Average vs Price Buy 50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy 100-Day Average Volume - 3845531
Overall Average: 100% - Buy
Price ** Support **Pivot Point ** Resistance
0.9500 ** 0.7233 ** 0.9133 ** 1.1033
Posted by dollar13 on :
CALPINE still kicking a$$$$
yehaaaaaaaaaaaaaaaaaaaaaa
over a $1.00 now , wtf
$1.09 lets gooooooo babyyyyyy
Posted by dollar13 on :
volume wayyyyyyyyyyyyyyyy uppppppppp
Posted by dollar13 on :
almost 29mill shares ...........wowwwwwwwww
Posted by dollar13 on :
to daaaaaaaaa mooooooonnnnnnnnnnnnn
Posted by dollar13 on :
i believe it's obvious that someone knows the business plan indicates calpine is capable of meeting its debt service requirements ...
I agree that there is something somehow illogical in the conv/short theory. Explaining the run-up by the increase of the bonds is not really an explanation. Then the question becomes why the big run-up on the bonds. Most of the bonds are in the ninety in the dollar range. That normally means the bond holders believe they will be paid back in full. If that is the case, the common should get something. Against that is the poor MOR for september. Was there special provisions or charges during that month that would explain the poor result for the month. I must say that when I saw these results I was tempted to sell it all. Then out of nowhere bonds and common start a fantastic run. Unheard of for bonds: a lot of them going from the 60's to the nineties in a month! Things can really be strange in the market.
Posted by dollar13 on :
sell off is over .
back to $1 today looks like it.
Posted by dollar13 on :
Calpine wants to be able to restrict how many unsecured Calpine bonds a person can own. They say that they expect to rack up about $5.7 billion in NOLs through 2007. (That includes the $2.7 billion worth of NOLs as of December 31, 2005.)
I learned from reading the motion that the amount of NOLs that can be carried forward for tax purposes is reduced by the amount of debt that is cancelled upon emergence from Chapter 11. Based on current bond prices, Calpine estimates that there will be $1.3 billion of cancelled debt upon emergence from Chapter 11. They are careful to point out that they are not predicting that there will be any cancelled debt, but that using current bond prices is a reasonable and prudent method of estimating that number.
In Calpine's words: "When the Debtors filed their voluntary petitions for relief in December 2005, it was unclear whether the special bankruptcy rule in section 382(1)(5) would be more beneficial upon emergence than other alternatives. Circumstances have changed dramatically since December 2005, however. The amount of the Debtors' expected NOLs has increased by billions of dollars. The trading price of the Debtors' debt has also increased by billions of dollars, suggesting a significant potential reduction in "cancellation of indebtedness" income. After months of analysis and review, the Debtors have concluded that they may now emerge from bankruptcy with NOLs exceeding $3.5 billion; and thus, have concluded that it would be beneficial to utilize IRC 382(1)(5) in order to protect these NOLs to their fullest extent."
For the purposes of the motion only, Calpine estimated that there would be $7.1 billion of allowed unsecured claims. $5.3 billion of that is "funded unsecured indebtedness" (I think that means bonds), and "a very rough preliminary estimate of $1.8 billion of other general unsecured claims."
So, again only for the purpose of the motion, Calpine estimates there will be $7.1 billion worth of debt that gets converted to equity upon emergence from Chapter 11. The IRS defines a change of ownership as the case when someone who owns at least 5% of the company changes the value of his holdings by more than 50%. To be conservative, Calpine is using a 4.75% number as the threshold above which it wishes to restrict bond ownership at BK exit. 4.75% * $7.1 billion is about $340 million. These bonds can still be traded while Calpine is under Chapter 11, but if someone owns more than $340 million and they didn't own them 18 months before the BK, Calpine would like to be able to force them to sell down until they get at or below the $340 million threshold so that the new Calpine will be allowed to receive the full tax benefits of its massive NOLs.
Posted by dollar13 on :
Calpine Seeks Court OK of $100M Payment Monday December 11, 5:32 pm ET By Marc Hopkins, Dow Jones Newswires Calpine Seeks Court OK of $100M Payment to Debt Holders
WASHINGTON (AP) -- Calpine Corp. is asking the judge overseeing its bankruptcy reorganization to allow it to make a $100 million payment to holders of its second-lien debt. The energy company has been operating under Chapter 11 protection from creditors through the U.S. Bankruptcy Court in Manhattan since December 2005
According to court papers filed Friday, Calpine has until Dec. 31 to agree on a schedule for paying the holders of its second-lien debt, which consists of about $3.7 billion in notes and loans with varying maturity dates.
To do this, Calpine wants the bankruptcy judge to alter the rules governing how it can use its cash collateral.
The federal Bankruptcy Code considers cash collateral to be any cash, stocks, bonds, property titles, bank accounts or other cash equivalents that a company can use to fund its business with the permission of creditors or the order of a judge.
Its current cash-collateral agreement allowed Calpine to pay second-lien-debt holders $78 million in 2006. Court papers said any payments made beyond Dec. 31 would have to be agreed upon by the company, the official committee of secured creditors in its Chapter 11 case and a separate panel representing second-lien holders' interests.
Under the new agreement, Calpine would make the payments using unrestricted cash as long as the company maintains a minimum $10 million balance. Payments to the second-lien holders would be made in $25 million increments at the end of each quarter in 2007.
In exchange for the payment, the second-lien-debt holders said they wouldn't seek payment for default interest, or interest on interest payments.
Calpine must also seek approval from the lenders of its debtor-in-possession loan before the agreement can be honored.
Judge Burton Lifland will consider the payment during a Dec. 20 hearing in the Manhattan bankruptcy court.
Calpine of San Jose, Calif., supplies about 3.5 percent of the electricity used in the United States, to 27 million households.
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