Wednesday, December 3, 2008

CEG: Ringing The Register

Good news: I expected to make respectable 10% on Constellation Energy (CEG) arbitrage. Today it jumped to more than $29 in the morning trade. Sold it, of course, right there and then.

Reason for a jump is simple: Electricite de France is in bidding war for the company with Buffett's MidAmerican Energy. OK, I can take gifts from the market.

Seeking Alpha Certified

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