capital and/operate its wholesale and retail competitive supply businesses.” (Id. at ¶¶ 159 & 161.) The plaintiffs allege that these statements were misleading in part because they misrepresented the sufficiency of Constellation’s liquidity and the amount of collateral the company would require in the event of a downgrade, as well as the sufficiency of its internal control and risk management functions to monitor the company’s collateral and/or liquidity requirements. (Id. at ¶ 111.) But these statements, and others like them alleged in the complaint, are inactionable for more than one reason. First, soft expressions of optimism and projections of future performance not worded as guarantees are immaterial because they are too vague to affect the market. See Raab, 4 F.3d at 289-90 (<HOLDING>) (internal quotation marks omitted and
holding that plaintiffs statistics did not shed any light on the legally relevant issue because they did not indicate the group of applicants who were interviewed or even the group of applicants found qualified or the group of all applicants holding that a trial court using a real growth rate of between one and three percent will not be reversed if it explains its choice holding there were no grounds for challenging in a termination proceeding the alleged failure to comply with the ada in the provision of services because services are not required by the termination statute holding that statements that rjegulatory changes  have created a marketplace for the doe services group with an expected annual growth rate of 10 to 30 over the next several years and the doe services group is poised to carry the growth and success of 1991 well into the future were immaterial puffing holding that in the absence of written contracts the manager of a singing group may own the rights to the name if he or she remains continuously involved with the group and is in a position to control the quality of its services