Newton Says...

Dear God,

What goes down must come up. And then go down. Whatevsies.

Just a blink of an eye ago our stock price dropped. Today, despite the fact that trading volume for Entergy was slightly lower than normal, there was an unusual volume (about six times normal) of call contracts traded. That and we had an unusually low put/call ratio. Which, according to Market Intellisearch, indicates that "[Entergy] stock is expected to make a move."

In what direction I can't say, because I don't know what CEO J. Wayne Leonard has planned. Maybe this has something to do with Vermont lawmakers calling for phenomenally expensive repairs at Vermont Yankee.

But maybe it has to do with doubts about the long-term viability of cooling our plant with Connecticut River water. Did you see the New York Times article noting that the planet is drying up faster than the global warming folks had predicted, and that water scarcity recently forced the temporary closing of nuclear power plants in Australia, France, Germany, Romania and Spain?

There's no indication in today's weird put and call numbers about what's up or why. All I know for sure is that CEO J. Wayne Leonard has already admitted that nuclear power is not a good business risk for the 21st century.

But there is good news in all of this. Finally I have a bit of intelligence about Entergy that Arnie Gundersen didn't beat me to. Take that, Arnie! And your little dog, too!

Amen,

Fake-Rob