After the pushy, exaggerated, short-squeeze, panicky, no sellers lift yesterday afternoon, the Thursday market was traded down a few NOK at open. Towards noon V1-04 was taken to 377 NOK/MWh for some reason, and since there are “nobody” there this could go anywhere today, a Norwegian trader said.
He argued that everybody would benefit from a little less buffoon trading, and agreed with a Norwegian player that the only correct indicator to relate to right now is the spot. As many players are gathered in Helsinki for the NAET meeting, the market was even thinner than what has been the case lately this morning. Prices did fall a few NOK at open, but some bull was at work and took V1-04 to
Donnerstag, 13.11.2003, 12:21 Uhr
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