RollbackThe scaremonger seems to have forgotten that the news is out there already. Anyone who is afraid of a rollback is already out of the stock. It explains some of the huge decline this stock has had.
However, at this point, if you think the stock will go lower for news that is already out there, then you really don't know how markets work.
The markets react to the possibility of news, then the rumour of news, and then the news, and then when everyone has finished reacting, the stock starts to trade on other values. That is where we are here. Everyone knows, so now it trades on the next thing.
Other than that, some fascinating posts, and I would say there are some very intelligent people trading this company right now. Kre8, I thought your last paragraph about a pending QE3 was really a bright look at how to trade the market in the next months.
I agree too that the 10 year under 3% and gold taking a bid on a horrendous market day where the Euro dropped and Greece got another downgrade shows that the gold trade is very bullish and will remain so when Kre8's money printing scenario plays out as it absolutely must.
The irony is the worse the US news for housing, unemployment, manufacturing approaching an election campaign, the better it is for the gold trade, and unfortunately, all commodities as inflation, and God forbid hyperinflation takes hold and explodes when all of this mess runs to an inevitably sad conclusion.
The truth is the only thing that has taken any sting out of the commodity trade in the past months is margin calls by the CME. Take that away and we got a runaway commodity train already.
Copper should be less than 3 dollars based on the world fundamentals starting with China tightening. There's only one train to be on and it's the one where you are invested in the company that can pass on its costs and that is the original holder, not the FedEX, or a restaurant.
Good luck all. I think we are in a very good spot here. The news was strong today. The company traded well on a bad day. The rollback news is out there and reacted to. The financing is coming. I say all systems clear to buy a stock that was 22 a short time ago and is 9 now and gold has continued to go north in that time that the stock has sold down.