CNP Centerpoint Energy: CNP Will Go UP!

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	Pier james
	na User since May 2010	9
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CNP Will Go UP!

The original initiated price of this coverage was $14.18. Over the time span of this coverage, the underlying security paid 1 dividend, comprising 1.4% dividend income.

Interested in a dividend stock, somewhere around 0.195 per stock maybe? Well take a look at CNP. Profits were excellent for the first quarter and if not for the falling market, it would have easily broken the 15 dollar resistance mark. Look for it to recover quickly in the next couple of months after the market stabilizes.

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What People Are Saying...

Pier Rashad said at 5/10/10 7:56 PM Price action was $14.14 +0.39 (+2.8%)

I am confused as how the initiated price is set up... I initiated this at 13.75 and not at 14.18. Whats the deal?

Mike Barkett said at 5/10/10 8:35 PM Price action was $14.14 +0.39 (+2.8%)

Pier - we do our best to follow the same rules as the market, which has hours of 9:30AM-4PM Mon-Fri. You opened this coverage on a Saturday, which means you get the open price from the next market day. This is just like what would happen if you put in a GTC order with your broker on a Saturday. Also, even if you open a coverage during the market hours, you'll notice that its open price changes for up to 20 minutes, as we account for the quote delay. We hope to be able to implement real-time quotes of our own in the near future. I hope this answers your question. We are enjoying your articles, thanks for contributing!

Josh Warner-Burke said at 5/12/10 10:09 AM Price action was $13.96 -0.02 (-0.1%)

To further clarify, the main reason why we have to update the open price when someone initiates while the market is closed is that if we didn't someone could benefit from information that comes out during non-market hours. Like if a buyout was announced or in the case of earnings.