I'll be looking to buy morein the next couple of weeks. Reading the headlines this morning about Greece defaulting and the debtors taking at least a 50% haircut, heck it looks like I wrote the headline a day earlier, LOL.I remember in 2008 when WTN collapsed to
.60. Think about how the market reacted to the collapse of LB and the unprecedented uncertainty that event created. People remember 2008 and are now justifiably scared with the possibility of Greece defaulting and another credit freeze occurring. When that happened, even the mightiest of companies like Goldman Sachs and GE were brought down to their knees.I'm betting that this time around, people are too irrational in their perception of what may happen when Greece defaults. My premise is that this time around, the governments and financial institutions are preparing for this eventuality. This is a big difference. In 2008, the uncertainty occurred after the event, today the uncertainty lies before the event. Once Greece defaults, this uncertainty will for the short term at least be removed from the markets and should bolster a return to more rational perception of asset valuation.History just may repeat itself, if the SP bottoms and holds around the 52 week low with near term catalyst of access to significant new resource (Blue Seam) and the possibility of a takeover. We may be witnessing another WTN here...fingered crossed. GLTA