Tuesday, December 1, 2009


November was a good month - the Callon Petroleum exchange went through making my bonds more valuable, even though this is not reflected in the price (they hardly trade anymore).

I have more bond trades in the pipeline and will hopefully get them written up by next week.

I will say that I would short every share of YRCW that I could borrow right now.


eh said...

Lots of blah blah here.

Is a short really worth it/the way to go? It's already under $2.

CP said...

Yeah they have a really active message board.

As you know stock prices are arbitrary and the important question is: what is the equity worth?

Pretty clear that the equity here is deep in the hole which is why they need to do the exchange offers.

Eh - send me an email at ctx_coverage@yahoo.com