Business Description: A major power company, Calpine Corporation supplies customers and communities with electricity from clean, efficient, natural gas-fired and geothermal power plants. Calpine owns, leases and operates integrated systems of plants in 21 U.S. states and in three Canadian provinces and is building a plant in Mexico.
State of Incorporation: DE Year of Incorporation 1982
Officers: Kenneth T. Derr, Acting CEO; Eric N. Pryor, Interim CFO; Ann B. Curtis, Vice Chairman & Executive VP
Fiscal Year End: December 31
Edgar Filing Status: Current EDGAR Filer
Outstanding Shares: 569,382,412 as of 2005-11-08
Posted by lilpennypincher on :
Go Baby, Go baby!
Posted by Jelly on :
Does that baby have a *****? LMFAO!
Posted by lilpennypincher on :
ROFLMAO! I'm cracking myself up!
Posted by The Green Demon on :
snails move faster
Posted by lilpennypincher on :
I think "he" Does!!!!!!!!!!Bbbwwwaaaaahhhhhhhh!
Posted by johnny14511 on :
as a quick trade is good
as a company : a piece of garbage
the company is worth millions and has bebt of billions .........lol
Posted by lilpennypincher on :
quote:Originally posted by The Green Demon: snails move faster
Posted by The Green Demon on :
lol...
Posted by lilpennypincher on :
LOL, Is there much else besides quick trades here johnny?
Posted by Jelly on :
LMFAO Lil. Those penguins are great....
Posted by The Green Demon on :
quote:Originally posted by Jelly: LMFAO Lil. Those penguins are great....
It almost looks fake...lol
Posted by lilpennypincher on :
ya' think?
Posted by lilpennypincher on :
Demon, You must be from Jersey?
Posted by lilpennypincher on :
Hey, this snail moves nice!
Posted by Jelly on :
WOW look at it RUN!!!!
Posted by lilpennypincher on :
Posted by lilpennypincher on :
Probably take a little dip and then a BOOOOM close!
Posted by The Green Demon on :
for one it was a joke. for two you mentioned the stock when it was up 18.69% so not that much of a gain yet but it is looking good for mon.
Posted by matto on :
nice one lil! sorry i missed this
Posted by mcgorion on :
im in at .253
Posted by lilpennypincher on :
oooooooooooo. sorry, did someone else mention it?
Hit my alarm at 15% gain so I checked the chart and jumped in. Relax........Demon
Posted by lilpennypincher on :
welcome mcgorion. Hope it runs nice for us!
Posted by mcgorion on :
me too, whats it lookin like for monday??
Posted by lilpennypincher on :
LIKE A GAPPA!
Posted by mcgorion on :
thats a s##tload of volume for today
Posted by lilpennypincher on :
NICE push into the close!!!!!!!!!!!!
Posted by lilpennypincher on :
Hey mcgorion,
Do you like gappers?
I do!!!!!!!!!
ROFL! GO!
Posted by The Green Demon on :
quote:Originally posted by lilpennypincher: oooooooooooo. sorry, did someone else mention it?
Hit my alarm at 15% gain so I checked the chart and jumped in. Relax........Demon
I'm okay just let me settle down
Posted by Danny K on :
looking good LIL, nice call.. i got in ... heres hoping for a gap and run my order filled 30sec after 4pm... hmmm, that normal?
Posted by mcgorion on :
'course i do, a posotive one. i was lookin at the chart, it does look good, you think itll get over 1 again?
Posted by mastermind555 on :
Market is overreacting on this one. The possibility of BK was always there with the $17 Billion debt, why should it react now? Going to $1 very soon. WILL NOT FILE BK!! Should get a boost at the announcement of a new CEO very soon and also look for some variation on the previous ruling in the verdict of the appeal-Either more time to pay the $312 Million or pay a lesser amount. Even if the judge rules COMPLETELY against CPNL, they have the money to pay the amount by Jan 22. ALSO, look for an appeal to get of the Pink Sheets. I wouldn't be surprised if this trades near $2 by Jan. ALL IMO
Posted by lilpennypincher on :
OOoooooooo.......I'm all Tingly!
Let's ROCK the AM!
Posted by lilpennypincher on :
Good morning all
Posted by Danny K on :
Morning all.. how we lookin?
Posted by lilpennypincher on :
Back to HOD!
Posted by lilpennypincher on :
SMOKIN NOW! ASK getting Slammed!
Posted by lilpennypincher on :
New HOD!!!goooooo!!!!!!!!!!!
Posted by Danny K on :
niiiiice movment!!!!.. L2s please
last: .28 ^.029 3.8Mvol go baby
Posted by lilpennypincher on :
2X .273
1X.275
little dip
Posted by lilpennypincher on :
now 2x .274 BID
Posted by lilpennypincher on :
Jumping back up too fast to keep up. LOL
GO BABY! Breaking .30 SOON!
Posted by Thiswreckage on :
Hello all, You guys still holding this today?
Posted by gohigh on :
I got out yesterday at .24 for a small profit. Wish I'd held it a little longer, but you know what they say, "You can't go broke taking a profit." I'll get back in again if it drops into the teens.
Posted by lilpennypincher on :
I'm going out with the next spit up!
Posted by gohigh on :
Up she goes! Making a run for .28 again.
Posted by lilpennypincher on :
WOW! fell to sleep putting the little one down. Glad I didn't sell.........WHOOO-HOOOOO!
Posted by mastermind555 on :
buys coming in...look for a nice close
Posted by lilpennypincher on :
Super SWEEEEEEEEEEEET close.
Posted by Thiswreckage on :
CPNL News! Hopefully this will be good for the company.
Calpine Names Robert P. May as New Chief Executive Officer PR Newswire - December 12, 2005 16:21
SAN JOSE, Calif., Dec 12, 2005 /PRNewswire via COMTEX/ -- Calpine Corporation (OTC: CPNL) announced today that its Board of Directors has named Robert P. May as Calpine's new Chief Executive Officer and member of the Board. Mr. May succeeds Acting Chief Executive Officer Kenneth T. Derr, who will continue serving as Calpine's Chairman of the Board.
"Calpine is exceptionally fortunate to have Bob May at the helm, especially during this important period of transition," stated Mr. Derr. "We are excited about what Bob brings to Calpine. His leadership qualities, experience and knowledge will help lead Calpine through a critical period in the company's history. And his proven ability to implement and manage operational and financial improvements -- as he successfully demonstrated at HealthSouth, Charter Communications, FedEx and Cablevision -- are what we need to help enhance the value of Calpine, strengthen operations and address current financial challenges."
Mr. May said, "I am honored to have the opportunity to lead Calpine. The Board, management team, and I have a solid understanding of the challenges that lay ahead. We are committed to successfully addressing our operational and financial issues in the best interests of all stakeholders. In short, we need to reduce our debt levels, improve our balance sheet and align our business strategy and operational structure with the current economic climate and energy market conditions."
Over the past 30 years, Mr. May, age 56, has served in various senior management and executive positions. Most recently, he served as non-executive Chairman of the Board of HealthSouth from July 2004 to October 2005, and as Interim President and Chief Executive Officer of Charter Communications from January 2005 to August 2005.
At Cablevision Systems, Corp., where he was Chief Operating Officer and a director from 1996 to 1998, Mr. May was part of the executive team that helped transition the company through new operating strategies and the use of new technologies. From 1973 to 1993, Mr. May held several senior executive and operational positions at Federal Express Corporation, where he was most recently President, Business Logistics, and was a Board member of HealthSouth Corporation, a national provider of healthcare services, since October 2002. He also served as HealthSouth's Interim Chief Executive Officer from March 2003 until May of 2004, and as Interim President of its Outpatient and Diagnostic Division from August 2003 to January 2004. Currently, he serves as a member of Charter Communications' Board of Directors and Deutsche Bank of Americas Advisory Board.
A major power company, Calpine Corporation supplies customers and communities with electricity from clean, efficient, natural gas-fired and geothermal power plants. Calpine owns, leases and operates integrated systems of plants in 21 U.S. states and in three Canadian provinces and is building a plant in Mexico. Its customized products and services include wholesale and retail electricity, gas turbine components and services, energy management, and a wide range of power plant engineering, construction and maintenance, and operational services. Calpine was founded in 1984. For more information, visit http://www.calpine.com.
This news release discusses certain matters that may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the intent, belief or current expectations of Calpine Corporation ("the Company") and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results including the risks identified from time-to-time in the Company's reports and registration statements filed with the SEC, including the risk factors identified in its Annual Report on Form 10-K for the year ended December 31, 2004, and in its Quarterly Report on Form 10-Q for the three months ended September 30, 2005, which can also be found on the Company's website at www.calpine.com. All information set forth in this news release is as of today's date, and the Company undertakes no duty to update this information.
Media Relations: Katherine Potter 408-792-1168 kpotter*calpine.com
Investor Relations: Rick Barraza 408-792-1125 rickb*calpine.com
Karen Bunton 408-792-1121 kbunton*calpine.com
Posted by farpceca on :
this amazing news was on cnbc closing bell first and that's when the squeeze started. $1 this month easy. this guy took health south from around .30 to 10 dollars.
gapparoni pizza breakfast!
Posted by lilpennypincher on :
My favorite kinda' Pizza!
I had to read this a few times to get the full impact!
THIS IS HUGE FOLKS!
Do you know how much money We're going to make tomorrow?!!!!!!!!!!!!!
Posted by lilpennypincher on :
farpceca could see that dollar tomorrow.
If you think this chart couldn't get any better...!
Wait till you see the candle made on it tomorrow!
Posted by Thiswreckage on :
I'm so glad I didn't sell today! Great news and great technicals, looking better all the time.
By the way did you guys notice the large block buys going through end of day? 300,000+ sh lots some of 'em. Wish I had that kind of cash to drop into this one!
Can't wait till morning!
Posted by mastermind555 on :
At least .5 tommorow
Posted by farpceca on :
This kind of development will bring in new types of investors; the kind that get things done without hanging around us messageboard type lol
Posted by Jelly on :
Update 2: Recasts, adds background, byline) By Leonard Anderson
SAN FRANCISCO, Dec 12 (Reuters) - Calpine Corp. (CPNL.PK: Quote, Profile, Research) on Monday picked Robert May, who helped steer recoveries at HealthSouth Corp. (HLSH.PK: Quote, Profile, Research) and Charter Communications Inc. (CHTR.O: Quote, Profile, Research), to be chief executive officer of the independent power producer.
Peter Cartwright, who founded the company in 1984, was removed as chairman and chief executive by the board of directors two weeks ago after a Delaware judge ruled that Calpine had improperly used proceeds from asset sales to purchase natural gas to fuel its power plants.
The ouster of Cartwright and Chief Financial Officer Robert Kelly raised concerns that California-based Calpine was on the brink of bankruptcy. It is not yet clear if the company will seek such protection as it labors under $17 billion in debt.
May said Calpine needed "to reduce our debt levels, improve our balance sheet and align our business strategy and operational structure with the current economic climate and energy market conditions."
May will also become a director of Calpine.
Kenneth Derr, former chief executive at Chevron Corp.(CVX.N: Quote, Profile, Research) and acting Calpine CEO after Cartwright left, said Calpine needed the kind of improvements May had engineered in previous posts.
May helped guide health-care provider HealthSouth through an accounting scandal and led a turnaround at debt-plagued cable television company Charter Communications as interim CEO.
The immediate challenge for Calpine is the legal battle now underway in Delaware.
Calpine has said repeatedly that it may be unable to meet a Jan. 22 deadline set by the Delaware Chancery Court to repay noteholders about $312 million it spent to buy gas for its plants.
The company has said that bankruptcy may be an option if the order is upheld.
Wilmington Trust, trustee for certain noteholders, wants to accelerate Calpine's repayment to no later than Jan. 3.
The Delaware Supreme Court is due to hear oral arguments on the case on Dec. 15.
Calpine said in an appeal to the court, filed after the close of business on Friday, that the Chancery Court took an overly narrow view of certain terms of the company's second lien notes, leading to its ruling that Calpine had to repay the asset sale proceeds.
Wilmington Trust, in its appeal, said the Chancery Court abused its discretion in giving Calpine until Jan. 22 to make the repayment.
Posted by farpceca on :
I'm so happy I didn't jump ship too soon. Would have been kicking myslef today!
Posted by stnkng1 on :
is it to late to get in this at open
Posted by lilpennypincher on :
I'm predicting it goes to at LEAST a double from here. I'm hoping more like .75 with this news!
Posted by stnkng1 on :
.75 when like in months or sometime this year
Posted by lilpennypincher on :
I'm actually thinking today and tomorrow with this news.
Gapping!
Posted by stnkng1 on :
hey penny its at .281 now think i could put an order in for .285 this morning and be able to get in or would it be safer and just put an order in for .29 and maybe it will get me lower
Posted by stnkng1 on :
my streamer is telling me that this is not a stock symbol is there an other letter
Posted by lilpennypincher on :
I actually am putting an order in above the ask to get more. Those will fill first.
Posted by lilpennypincher on :
BID 2x.287
ASK 1x.288
and Moving by the second!
Posted by stnkng1 on :
why doesnt my streamer recognize the stock symbol
Posted by lilpennypincher on :
L2 is really moving.....We are going to open well above .30!
WHOOO-HOOOOO!
All ABOARD!!!!!!!!!!
Posted by stnkng1 on :
so i wont be able to get in at .29
Posted by lilpennypincher on :
Don't know...Scottrade shows it and alphatrade as well. Call your broker
Posted by lilpennypincher on :
There is only one left on the ask at .29!!!
5x .289 bid 1x .29 ask
Posted by lilpennypincher on :
It will gap and may come back down. I don't know It usually retraces after the gap up but, I don't know how far back down it will come.
All I know is I'm getting more at the open.
Good Luck ALL!
Posted by lilpennypincher on :
GOOOOOOOOO! Smokin'
Posted by pennnies on :
Come on dollar!!!!!!!!!!!!!!!!!
Posted by Enjoys$ on :
wow, where is this gonna end!
Posted by pennnies on :
Dollar land baby!!!!!!!!!!!!!!!!!!!!!!
Get in now and often!!!
Posted by lilpennypincher on :
Resistance at .33 It may shake there! HOLD on this puppy is going MUCH HIGHER TODAY!!!!!!!!!!
Posted by Jelly on :
This rocks!!!
Posted by mcgorion on :
how much higher can it go!!??
Posted by kywee on :
nice call lil
Posted by stnkng1 on :
i had a buy order in at .30 and it is at .285 isnt it my order wont go through
Posted by lilpennypincher on :
it is at .313 stnkng1
Posted by lilpennypincher on :
little shake over one on the ask at .316!
Posted by Enjoys$ on :
that was a small shake, good sign!
Posted by lilpennypincher on :
Here comes the .32 resistance again....Should break through this time!!!!!!
Posted by mcgorion on :
going back to .30
Posted by stnkng1 on :
damn hope i didnt mess up i didnt get in until .321 am i still alright
Posted by lilpennypincher on :
Hard hit. Should go back now.
Posted by Enjoys$ on :
yes, should see .40 by eod
Posted by pennnies on :
I looking for this to hit a Dollar very soon.
Posted by lilpennypincher on :
looking forward to it Enjoys$ If the volume keeps up.......... .50!
Posted by Enjoys$ on :
CEO news is great
Posted by stnkng1 on :
why doesnt CPNL work on my streamer this is the first stock i ever had trouble with is there a different symbol
Posted by mcgorion on :
what are you using for a streamer
Posted by Enjoys$ on :
back to .32
Posted by lilpennypincher on :
Broke HOD!
Posted by stnkng1 on :
ADVFN
Posted by Enjoys$ on :
new hod
Posted by stnkng1 on :
damn i need streamer i am lost what are the pps at this doesnt seem to be running like we thought is it
Posted by mcgorion on :
try marketbrowser.com they have a free one i think its only level 1 but better then nothing
Posted by pennnies on :
Looking like a breakout about to happen..
Posted by mcgorion on :
whats goin on now
Posted by lilpennypincher on :
I called scottrade and they said they were having some problems this am. Try and start your streamer over.
Posted by Enjoys$ on :
.325 about to fall
Posted by lilpennypincher on :
Another HOD!
This is the resinstance remember? It'S moving GREAT! and will continue to do so today!!!
Posted by lilpennypincher on :
Next wall at .33 but should fall!
Posted by mcgorion on :
still thinkin .5 by EOD?
Posted by Enjoys$ on :
.33 falling
Posted by lilpennypincher on :
almost GONE! FAKE WALL!
Posted by Enjoys$ on :
at least .40 eod
Posted by pennnies on :
.50 is just the start.. lol
Posted by lilpennypincher on :
Next chart resistance at .37!
GO BABY!
YES! COME ON .50!
Posted by mcgorion on :
i want more shares but should i buy now or wait till the next dip? or will there not be another dip.
Posted by pennnies on :
To t Posted by lilpennypincher on :
There will be dips all day. We're in one now just that the dips don't dip that low. LOL
NITE left the ask for .335!
Posted by lilpennypincher on :
Toughest resistance here at .33 gonna' break that one and then .34 and so on! LOL
Posted by lilpennypincher on :
ONE LEFT!!!!!!! GO BABY. lol I'm a bit excited!
Posted by stnkng1 on :
hey LIL what is your sell order at if you dont mind me asking
Posted by pennnies on :
Fin' MM's!! Fake sells to get a shake and slow my run!!!!!!
Die MM's!
Posted by Enjoys$ on :
its about to go !!!!! 1 mil share buy just went through!
Posted by lilpennypincher on :
quote:Originally posted by stnkng1: hey LIL what is your sell order at if you dont mind me asking
Don't have one yet sorry.
I was just checking on the 30 chart. It is still oversold and coming up the MACD is just beginning to kiss I think .50 is realistic for this run!!!!!!
But, not setting my sell as of yet!
Posted by stnkng1 on :
will the run go through tommorow in your opinion or more likely done today. i mean there is no way this will make it to .75 is there
Posted by dp2002 on :
What is a good entry point?
Posted by stnkng1 on :
i only have $675 in this at .321 i thought it was gonna run better then this but we will see what happens later. my other choice was putting $675 into DMTN at .03 and so far i would of profited $425 but instead i bought CPNL and im up $5 yea haa
Posted by stnkng1 on :
is this done for the day
Posted by stnkng1 on :
lil could this still have a pop later in the day
Posted by mcgorion on :
yea whats goin on with this now? is this supposed to continue for a couple days or today it?
Posted by gohigh on :
CPNL .334 now. I bought at .19 and sold at .24. Darn!! Always been a problem of mine, premature selling... Wish it'd come back down a little.
Posted by Jelly on :
No it isn't done. Just the lunch lag and sell off. I'm personally holding overnight probably, depending what happens at EOD.
Posted by stnkng1 on :
so it could possibly hit .50 today or tommorrow
Posted by Jelly on :
Its needs to break .33
Posted by farpceca on :
don't worry about 50. it will be either today or tomorrow. should be reaching $1 territory by end of the month. could be sooner if it keeps at the rate it's going today.
this ceo brought healthsouth back from a couple dozen pennies to 10 bucks. that's why he's here with CPNL. he do what he do.
Posted by stnkng1 on :
this is moving nice now i see .40 today maybe i might just hang on to it until tommorrow
Posted by farpceca on :
man this thing is on all the boards lol. that ceo packs a wallop.
Posted by stnkng1 on :
im loving it hey does everyone think it will still move a little tommorrow
Posted by farpceca on :
expect more ups as ceo's plan becomes more clear, bridge-financing announced, and i hear stuff about higher exchange return soon too (don't know much detail about that one).
1 or 2 ol' hedge funds can push this to $1+ fairly swiftly. negative analysts of last week changing their tune this week. HealthSouth investors following their general over to the CPNL camp. This is a reversal in grand fashion.
my opinion of course.
Posted by stnkng1 on :
just wondering when to get out
Posted by stnkng1 on :
why are we dropping
Posted by kywee on :
you all ask too many questions about the pps. no one knows, just let it play out.
Posted by farpceca on :
1.5m buy block at .35
hedge funds we welcome you!
Posted by dp2002 on :
looks like we are rolling again. (knock on wood) any closing predictions?
Posted by lilpennypincher on :
GEEEE............Went out for a bit. My Goodness! Sorry my Crystal ball is in the shop......
DO I think it will hit .50 YES I DO. DO I think it will hit .75 YES I DO.
TOday.......Not sure but this run YES I DO! Now hang if you want, sell if you want.
THE CHART IS STILL SHOWING IT'S OVER SOLD AND WE ARE STILL GOING UP!
For all of you used to playing the micro penny s............. .15 cents up from yesterday is HUGE! It will go more IMHO! But for $hit sake!!!!!! WE ARE AT HOD AGAIN!!!!!!!!
HOLD ON.........OR SELL!!!!!!!
NO RUN BABY........RUN!!!!!!
Posted by lilpennypincher on :
quote:Originally posted by farpceca: 1.5m buy block at .35
hedge funds we welcome you!
Can I get a WHOOOO-HOOO!!!!!!!!!?
Posted by dp2002 on :
Lil when you like a pick you like a pick. lol
Posted by lilpennypincher on :
LOL, I'm a happy girl. This is sweeeeeeeeet!
Posted by mastermind555 on :
Just got back from school, NICE
Hopefully .40 by close
Posted by stnkng1 on :
it will hit .40s by end of day tommorrow i hope
Posted by mcgorion on :
when did .385 happen!?
Posted by lilpennypincher on :
Hm..........Didn't see that either mcgorion.
Musta' been a fat finger.
Posted by kywee on :
quote:Originally posted by mcgorion: when did .385 happen!?
big fatty
Posted by farpceca on :
half the float was/is short. today is just day 1 of the May era. more fun coming as shorts start to give up.
Posted by lilpennypincher on :
LOL, and It will be fun farpceca
Posted by mcgorion on :
ahh i see makin sure i didnt miss somethin here. WTF now its .64!
Posted by lilpennypincher on :
.64!!!!!! REALLY FAT!!!!LOL
Posted by lilpennypincher on :
They forgot the 3 before the .64! OUCH!
Posted by lilpennypincher on :
That S U C K S.........It messes up all of my charting! Poor me. LOL
Posted by stnkng1 on :
think this will be a run the whole week
Posted by lilpennypincher on :
Fixed!.....Back to HOD!
Posted by lilpennypincher on :
Good dip before the rally into TOMORROW!
Posted by mcgorion on :
whats your time prediction on the .5? that would be a good run for tomorrow you think its possible?
Posted by lilpennypincher on :
Yes, I do
GOING BACK UP! Come on Close HOD!!!!!!!!!
Posted by mcgorion on :
i dunnnnnoooo pincher, heading back below .35
Posted by lilpennypincher on :
Anyone need a Xanax? LOL
DIP
Posted by mcgorion on :
i do now....
Posted by mcgorion on :
well f*ck it.... theres always tomorrow.
Posted by smallstuff on :
Originally Posted by lilpennypincher...
DO I think it will hit .50 YES I DO. DO I think it will hit .75 YES I DO.
TOday.......Not sure but this run YES I DO! Now hang if you want, sell if you want.
THE CHART IS STILL SHOWING IT'S OVER SOLD AND WE ARE STILL GOING UP! ______
I bought this too early, at 55 cents per share, when it was still CPN.
The day it went that low, it had 4 times the volume of anything else on the major boards - somewhere in the 80-100 million shares range if I recall right. It had been held by mutual funds tracking the S&P, so when S&P replaced it, those funds had to sell it. *HAD* to sell it.
That's why & when I bought this stock. They didn't necessarily want to sell this, but they had to. At whatever price. I thought it was way oversold and jumped in.
Then it went down, down, down. I almost lost hope. I'm glad to see there are others who believe that Calpine can come back. This newbie is hoping for a return to $1 in the not-too-distant future!
Posted by lilpennypincher on :
I do believe the restructuring will take time but, I do believe it will happen.
Good for them for picking up May!
Good luck all.
Posted by farpceca on :
good day, good tomorrow, good week ahead. sweet 1 million share block at .353 conveniently posted *after* the bell lol. chug chug!
Posted by FatherOfTwo on :
Look at these Wilders... still spread pretty far, but starting to come together. The slow stochs are just now crossing and beginning to diverge positive.
My speculation is that Wed And Thursday will be two more white candles, and then Friday it runs up and closes down on profit taking before the weekend! Just my .02 though!
Posted by stnkng1 on :
holy shi* how low is this gonna go is it time to get out
Posted by lilpennypincher on :
I'm hanging here. Watching the l2's and the intraday chart's. If It's holding....so am I
Posted by MB on :
Patience..I was in HLSH from before the crash and picked up more at .3...it didn't go up right away...it was only after May and Co anounced bridge financing and that they would not immediately go broke that the pop from .3 to $2 happened...give the guy a few days...this will certainly not go down alot here in the next day or two...
Posted by lilpennypincher on :
BACK UP!
Posted by lilpennypincher on :
Greeeeen! HOD hope you all didn't jump ship on that nasty little shake!
Posted by farpceca on :
yup yup
Posted by MB on :
May is a real pro. He did a great job straightening out the mess at Healthsouth and charting a fiscally responsible plan for the future. I don't think he would get involved here unless he thought he could do the same...He is not a guy who spews a lot of bs..you won't see a bunch of fluff prs...but when he does speak you can trust his words... At least that was my experience with him at HS and I sold out there at $5.35 taking a nice profit from his labors.
Posted by dp2002 on :
stop jinxing it! Posted by stnkng1 on :
this isnt running very good
Posted by dp2002 on :
What was yesterdays volume?
Posted by MB on :
63M
Posted by lilpennypincher on :
WTH stnkng.......It's down .004 My Goodness.
It's UP from .19 just three days ago.
IT'S UP FIFTEEN CENTS!!!!!!!!!In three days.
Man when its running.......your cheering when is taking a dip your freaking out.
Take a pill and chill or SELL!
For f's sake. You whine more than my 4 yr. old!
Posted by Thiswreckage on :
Lil'penny, I agree! Some of the constant whining and second guessing on this board is so annoying!
"Run's over? It's going down! Will it hit .50? What happened? Where's my run?! Wahh,wah!! Sob!!"
Geez! Look at a chart and chill out , or sell and give the rest some peace!
Good luck!
Posted by MB on :
the bet you make here is that tomorrow's ruling goes our way..if so BOOM...if not we will remain in a trading range of say .25-.4 and you should watch carefully for talk of chapter 11 or 13...imo
Posted by metal1 on :
there is no equity value in this company. should be good for trading because of people that don't know any better. i can't imagine how they could avoid bankruptcy.
Posted by stnkng1 on :
oh theres a positive thought
Posted by MB on :
it might be tough metal1, I agree...however it is one of the largest power generators in the country and as such will not be a company folks are willing to just throw away...or see go bankrupt easily...if there is a way to keep it afloat look for everyone..including possibly government intervention..to try and keep this a float...
Posted by lilpennypincher on :
quote:Originally posted by metal1: there is no equity value in this company. should be good for trading because of people that don't know any better. i can't imagine how they could avoid bankruptcy.
If anything I think the judge gives them and extension.
I'm hanging. Don't need to miss the boat.
It's not.......not knowing any better. It's the penny's Risk=reward here.
and the reward could be GREAT!
Posted by pennnies on :
quote:Originally posted by lilpennypincher: WTH stnkng.......It's down .004 My Goodness.
It's UP from .19 just three days ago.
IT'S UP FIFTEEN CENTS!!!!!!!!!In three days.
Man when its running.......your cheering when is taking a dip your freaking out.
Take a pill and chill or SELL!
For f's sake. You whine more than my 4 yr. old!
Don't u hate the babies?? lol
Get'em lil
Posted by lilpennypincher on :
LOL, did I foget to mention? NEW HOD!!!!!
Hey Pennies!
Posted by farpceca on :
first hour, which is usually the most "nervous", is over.
Posted by metal1 on :
there is no way the government would get involved in this. if they went bankrupt, they would just get new financing and issue new stock. the current equity holders would get nothing(like K-mart). the company may even have to liquidate because they mentioned that most of their debt is secured by most of the companies assets so there is really nothing left for equity holders. should be interesting trading in the meantime though.
Posted by dp2002 on :
Any predictions on tommorrows court decision? Let me tell you my thoughts..... I wish scottrade had stop limit orders on pinks. But I am going to ride it out anyway what the hell.
Posted by Thiswreckage on :
Helloo!!! You guys watchin' this action!! Hope everyone held, lol!
Posted by Thiswreckage on :
Almost sold earlier today, whew! Feeling much better now!
Posted by Jelly on :
Wow, I did sell. Good for you!!!!
Posted by farpceca on :
woooooooooohoooooooooooo choo chooooooooo
"(Calpine) is in the process of attempting to enter into financing transactions," said Robert Haney, an attorney for Calpine, at an appeals hearing before the court. "Obviously it's easier to do that in the longer term."
The court statement by the Calpine attorney "suggests that the new management is not as inclined to file for bankruptcy," said Jon Cartwright, an analyst at BOSC Inc.
(c) Reuters 2005. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world. 15Dec05 20:22 GMT
Posted by farpceca on :
gooooooooooooody go go
UPDATE 2-Calpine says could repay money sooner than Jan. 22 Thu Dec 15, 2005 03:22 PM ET (Adds comments, byline)
By Sarah Coffey
WILMINGTON, Del., Dec 15 (Reuters) - Embattled power producer Calpine Corp. (CPNL.PK: Quote, Profile, Research) told the Delaware Supreme Court on Thursday that, if ordered to do so, it can repay $312 million that it misspent on fuel earlier than the Jan. 22 deadline imposed by a lower court.
Calpine had previously said that it was not sure it could repay the money by the deadline and was at risk of bankruptcy. But the company's lawyers said on Thursday that Calpine could make good on the repayment and was also seeking to raise new funds.
"(Calpine) is in the process of attempting to enter into financing transactions," said Robert Haney, an attorney for Calpine, at an appeals hearing before the court. "Obviously it's easier to do that in the longer term."
The court statement by the Calpine attorney "suggests that the new management is not as inclined to file for bankruptcy," said Jon Cartwright, an analyst at BOSC Inc.
The court heard arguments from Calpine, one of the biggest U.S. power generators, and Wilmington Trust (WL.N: Quote, Profile, Research) , as trustees for Calpine's first and second lien note holders.
Calpine is appealing a Delaware Court of Chancery ruling that it violated terms of its debt by using $312 million in asset sale proceeds to buy gas for fuel, saying it should be reversed because the court misinterpreted the terms.
The Chancery Court ordered Calpine to repay the money to the bank account from which it came in the first place, an account intended to be used only for the repayment of debt and the purchase of certain kinds of designated assets.
Wilmington is asking the Supreme Court to uphold the Chancery Court's ruling and to accelerate Calpine's repayment to January 3.
Wilmington agreed last week to hold off forcing Calpine to repay $3 billion in second-lien notes until the appeal is decided and a repayment deadline is confirmed.
Wilmington said it wants the money sooner rather than later because then, "they won't be able to use the monies in that account for any other reason," attorney Laurence Greenwald said in court.
The Supreme Court, after an hour-long hearing, adjourned and said it expected to rule on the appeals promptly.
Even before the hearing, though, analysts said it did not matter in the long run if the court cut Calpine's time to repay the money.
"The tightening of the time frame ... (is) clearly important but ... I don't think that time frame of 20 days is really going to be that meaningful," said Caesar Silvestro, an analyst at Samco Capital Markets.
Posted by Jelly on :
WILMINGTON, Del., Dec 15 (Reuters) - Embattled power producer Calpine Corp. (CPNL.PK: Quote, Profile, Research) told the Delaware Supreme Court on Thursday that, if ordered to do so, it can repay $312 million that it misspent on fuel earlier than the Jan. 22 deadline imposed by a lower court.
Calpine had previously said that it was not sure it could repay the money by the deadline and was at risk of bankruptcy. But the company's lawyers said on Thursday that Calpine could make good on the repayment and was also seeking to raise new funds.
"(Calpine) is in the process of attempting to enter into financing transactions," said Robert Haney, an attorney for Calpine, at an appeals hearing before the court. "Obviously it's easier to do that in the longer term."
The court statement by the Calpine attorney "suggests that the new management is not as inclined to file for bankruptcy," said Jon Cartwright, an analyst at BOSC Inc.
The court heard arguments from Calpine, one of the biggest U.S. power generators, and Wilmington Trust (WL.N: Quote, Profile, Research) , as trustees for Calpine's first and second lien note holders.
Calpine is appealing a Delaware Court of Chancery ruling that it violated terms of its debt by using $312 million in asset sale proceeds to buy gas for fuel, saying it should be reversed because the court misinterpreted the terms.
The Chancery Court ordered Calpine to repay the money to the bank account from which it came in the first place, an account intended to be used only for the repayment of debt and the purchase of certain kinds of designated assets.
Wilmington is asking the Supreme Court to uphold the Chancery Court's ruling and to accelerate Calpine's repayment to January 3.
Wilmington agreed last week to hold off forcing Calpine to repay $3 billion in second-lien notes until the appeal is decided and a repayment deadline is confirmed.
Wilmington said it wants the money sooner rather than later because then, "they won't be able to use the monies in that account for any other reason," attorney Laurence Greenwald said in court.
The Supreme Court, after an hour-long hearing, adjourned and said it expected to rule on the appeals promptly.
Even before the hearing, though, analysts said it did not matter in the long run if the court cut Calpine's time to repay the money.
"The tightening of the time frame ... (is) clearly important but ... I don't think that time frame of 20 days is really going to be that meaningful," said Caesar Silvestro, an analyst at Samco Capital Markets.
NEW YORK -(Dow Jones)- Bear Stearns Cos (BSC). (BSC) is forging ahead with its energy-trading joint venture with Calpine Corp. (CPNL) (CPNL), a Bear Stearns executive said.
Houston-based Calpine this month replaced its senior management amid continuing financial difficulties and forecasts from some industry analysts that it could file for bankruptcy protection. "We are continuing to move ahead with launching the joint venture," Bear Chief Financial Officer Samuel Molinaro said in a conference call with investors Thursday. "We have licenses in place.... We are ready to launch activities in the next 30 to 60 days."
Bear Stearns, based in New York, is largely providing credit and capital to help Calpine reduce its collateral requirements when trading natural gas and electricity and reassure power and gas customers that it won't default on trades. Bear is providing a $350 million credit facility through the venture to Calpine.
The firms announced the creation of CalBear Energy LP., to be wholly owned by Calpine, in September.
Bear Stearns officials have said the venture should help it expand business with hedge funds and other trading and banking clients interested in the power and gas markets.
Calpine's new management team "seem committed" to the venture, Molinaro said, though he added the executives "clearly have challenges."
A Delaware judge ordered Calpine in November to replace $312 million in cash from the sale of a gas-producing subsidiary. The cash had been posted as collateral for certain Calpine bonds.
hot damn...This will gap in the am too. I'm gonna watch it and may grab some again.
I can't watch anymore. I feel like an a$$ for selling.
Posted by farpceca on :
between CPNL and FORD today, I'm all giddy. CPNL word hasn't even begun to spread. tomorrow will be pretty.
Posted by Jelly on :
yes it will, i'm gonna try and get some in the am.
Posted by farpceca on :
going for .40 today? .393 already. i figured they would wall it at .37/.38 but apparently they failed hoho
Posted by farpceca on :
The new guys in charge say they're not going the bk route. that is the first big push that this needed with other boosters to stream in and keep her a-rollin'.
Posted by lilpennypincher on :
Tee-hee-hee!
WHOOOOO-HOOOOOO!!!!!!!!!!!!!!!
Posted by farpceca on :
1 million buy * .386 after bell
Posted by stnkng1 on :
i bought the other day when it was really moving bought at .60 and boom went straight down wouldnt let me out until .38 i was pissed
Posted by gohigh on :
quote:Originally posted by Jelly: hot damn...This will gap in the am too. I'm gonna watch it and may grab some again.
I can't watch anymore. I feel like an a$$ for selling.
Don't feel too bad, I got in at .19 and sold at .24! Thought I was being smart because sooner or later I believed this stock would go to zero. You can't go broke taking a profit.
Posted by lilpennypincher on :
quote:Originally posted by stnkng1: i bought the other day when it was really moving bought at .60 and boom went straight down wouldnt let me out until .38 i was pissed
What are you talking about?
This didn't hit .60
and It just hit .38 today
WHAAAAAAAAAAAAAT?
confused in Jersey!
Posted by Jelly on :
stnkng- you have me way confused. Page 2 you have a buy in for .28 cents and then you post you got in at .60? Wrong thread maybe?
Posted by MB on :
You all do realize this was CPN on NYSE and could buy in all the way down...to pink sheets. I think that is your answer.
Posted by dp2002 on :
Any thoughts on todays action? I think we will be green today for the most part.
Posted by MB on :
Look for more talk of "bridge financing" as we see some articles in the next few days talking about May's attempts to get financing this will continue a steady rise...imo
Posted by pizzalover on :
• Delaware Court Modifies Calpine Ruling Associated Press (Sat 1:30am) • CALPINE CORP Files SEC form 8-K, Change in Directors or Principal Officers EDGAR Online (Fri 5:20pm)
Posted by zropdj567 on :
probably not much. i dont think this company is done tho. this could very easily get over a dollar fairly quickly. (not monday)
Posted by pizzalover on :
I use the following criteria to select a stock that will likely run in 3 weeks: 1. The O/S is under 300mm shares; 2. The pps has recently been pulled down at least 50% by the MMs to collect cheap shares; 3. The stock has a history of runs and jumped at least 50% during the runs; If you find such a stock and the pps stays at bottom for a week or longer, get in at bottom and set a targer of 35%, I am 80% confident you will get hit and win the game in 3 weeks. CPNL has met all the requirents, watch it.
Posted by Mr_Sick on :
this ones not gonna make it IMO
Calpine, struggling under a $17 billion debt burden and weak power markets in the wake of the California energy crisis and the collapse of Enron, has warned in recent weeks bankruptcy was an option.
Posted by lilpennypincher on :
Looks like a stall here. I got out but, if anything else goes on with it. I'll be the first one to jump back on.
The MACD is going up and is oversold so....Like I have said. I'm watching it closely. It moves nice.
Posted by JimSC on :
Sorry, I don't know anything about the company; I just checked the MMs' agenda and Level 2 activities. It shows some pr may come out and CPNL will jumped to 0.75 level. My chart shows it will likely make a bottom counce. Another one is JKRI, the buying pressure is very high. I used the same method to idntiry SYCI, it jumped 420% last week. Just watch it.
Posted by BuyTex on :
quote:Originally posted by JimSC: Sorry, I don't know anything about the company; I just checked the MMs' agenda and Level 2 activities. It shows some pr may come out and CPNL will jumped to 0.75 level. My chart shows it will likely make a bottom counce. Another one is JKRI, the buying pressure is very high. I used the same method to idntiry SYCI, it jumped 420% last week. Just watch it.
quote:just checked the MMs' agenda...
How does one do that? And what might one learn?
tia
Posted by JimSC on :
The simple facts are: 1. The MMs have accumulated tons of cheap shares; 2. All the sellers are gone; 3. ALL the bargain hunters are coming; 4. The MMs have total control of the PPS.
The result is a bottom bounce. Just watch it -- don't do anything.
Just check the charts of CPNL, JKRI, and SYCI --- they are so similar. In fact, they are designed for a bottom bounce.
Posted by BuyTex on :
quote:Originally posted by JimSC: The simple facts are: 1. The MMs have accumulated tons of cheap shares; 2. All the sellers are gone; 3. ALL the bargain hunters are coming; 4. The MMs have total control of the PPS.
The result is a bottom bounce. Just watch it -- don't do anything.
Just check the charts of CPNL, JKRI, and SYCI --- they are so similar. In fact, they are designed for a bottom bounce.
ya, i get that...but will you answer the question about "MMs agenda"?
Posted by JimSC on :
"MMs' agenda" also means "MMs' activities" or "what do they intend to do next."
Since they have collected enough cheap shares, they want to raise the pps and unload them to the investors. We call it a run. Normally, a run requires a trigger event, such as a pr or good 10-Q. Another method is to pull the pps even lower to build up buying pressure, this was done to CPNL last Friday. To make sure this is the case, we need to check the level 2 data, which confirmed that the buying pressure has been increased, 14 buys vs. 6 sells, among the last 20 trades in Friday afternoon. Thus, I concluded that the MMs' next thing to do, or agenda, is a run. Just wait and see.
Posted by pizzalover on :
OK I don't know what direction this stock is going in BUT I do know that there are some high rollers playing it. I bought almost 20k shares last week at almost 7k. The buys coming in from last week up to now have been outrageous! some spending 20k on up! I'm going to hang around for a bit and see what happens
Posted by pizzalover on :
coming out of dip
Posted by metal1 on :
quote:Originally posted by JimSC: "MMs' agenda" also means "MMs' activities" or "what do they intend to do next."
Since they have collected enough cheap shares, they want to raise the pps and unload them to the investors. We call it a run. Normally, a run requires a trigger event, such as a pr or good 10-Q. Another method is to pull the pps even lower to build up buying pressure, this was done to CPNL last Friday. To make sure this is the case, we need to check the level 2 data, which confirmed that the buying pressure has been increased, 14 buys vs. 6 sells, among the last 20 trades in Friday afternoon. Thus, I concluded that the MMs' next thing to do, or agenda, is a run. Just wait and see.
do you personally know any MM's?
Posted by Mr_Sick on :
There are no MM agendas here, this is a MAJOR company trying to avoid bankruptcy- you can throw all your charting out the window too
Posted by JimSC on :
Sorry, I don't have time for this thread. Do your DD -- each trade is a gamble.
Posted by pizzalover on :
We are AWARE of the possibility of bankruptcy BUT does it mean that the stock is DEAD RIGHT NOW - there may be way more room to grow before taking a final plunge or it could redeem itself
Posted by lilpennypincher on :
I'm watching for the bounce back
Posted by doubleS on :
This should continue up until Jan 3. ruling
Posted by pizzalover on :
Lots of folks made that 11 or 12% from that hard bounce this mornin' - still holding
Posted by pizzalover on :
121 thousand dollar buy after the bell - drove price all the way down forcing all those sells just to GRAB
Posted by pizzalover on :
i tell ya these people are slick
Posted by pizzalover on :
hmm this could be why
Calpine seen able to supply transmission grids Tue Dec 20, 2005 03:56 PM ET SAN FRANCISCO, Dec 20 (Reuters) - Power company Calpine Corp. (CPNL.PK: Quote, Profile, Research) is current with its credit obligations to the organizations that run key regional electricity grids, despite facing the risk of bankruptcy, Texas and California officials say. The company has one of the largest power fleets in the United States, with 92 turbines with a generating capacity of about 26,500 megawatts.
Posted by FatherOfTwo on :
Calpine Files for Bankruptcy Protection Tuesday December 20, 11:32 pm ET Struggling Power Merchant Calpine Files for Bankruptcy Protection
SAN JOSE, Calif. (AP) -- Struggling power merchant Calpine Corp. filed for Chapter 11 bankruptcy court protection late Tuesday as it grapples with more than $17 billion in debt. The filing in U.S. Bankruptcy Court in New York will allow Calpine to continue operations at its power plants and facilities in the United States, Mexico and Canada, the company said in a news release.
Posted by pizzalover on :
any take on how much further the share price will drop because of this?
Posted by pizzalover on :
Asking that because when delta filed bankruptcy - there was still a lot of room to play with their stock- it was like a roller coaster but some days were just like trading any other stock -
Posted by pizzalover on :
delta dalrq in bankruptcy/restructuring .50 on 11/15/05 to .875 just yesterday 12/20/05
Posted by Dustoff101 on :
Calpine, just noticed it filed for Bankruptcy.[ Chap. 11]
Posted by metal1 on :
there might be some room to play this but in the end i think the stock will be cancelled. the bondholders basically own everything. there will be nothing left for origninal equity holders in the reorganized company.
Posted by JL on :
Stabalizing for a bounce.
Posted by pizzalover on :
not sure how much of a bounce though - we need to be very careful with this one - i'm still holding until i feel ok with selling
Posted by JL on :
Yah I just took my 10% gain from where I got in. Should have some resistence ahead from these levels.
Posted by pizzalover on :
I'm still holding - just closed $2bill dip financing
![[Big Grin]](biggrin.gif)
my order filled 30sec after 4pm... hmmm, that normal?
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![[Eek!]](eek.gif)
