PVS-Studio warning V547 for CamStudio

#define MAGIC_CONTINUE_NUMBER_LO 0xFE
#define MAGIC_CONTINUE_NUMBER_HI 0x7F

/* I can't believe this actually worked */
void bufferResolveJumps(Buffer out)
{
  ....
  if (*p == MAGIC_CONTINUE_NUMBER_LO &&
      *(p+1) == MAGIC_CONTINUE_NUMBER_HI)
  {
  ....
}

You're right not to believe. It doesn't work indeed! :-)

This suspicious code was found in CamStudio project by PVS-Studio static code analyzer.
Warning message is:
V547 Expression '* p == 0xFE' is always false. The value range of char type: [127, -128]. compile.cpp 527

PVS-Studio is a static analyzer for detecting bugs in the source code of applications written in C, C++, C++11, C++/CX. Site: http://www.viva64.com/en/pvs-studio/