Canucks08Nice to have a basher with us on the way to Successville.
It an excellent foil to the respectful and valuable posts that all you fine people post.
I don't think I'll ignore in this case but I'm not going to respond again. Can-ugs-so-ate will be a reminder for me on how difficult it is to warm up to abstraction instead of the regular holes in the ground and visible metal, etc.
That's enough of that...
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I see two scenarios for the SP (all my own opinion of course). Either the price will slowly rise to a sub-1$ level by launch and take off after that OR it will explode upward when more new people get wind of this (and can understand what it will mean) in the next couple of weeks and not stop. I sense the latter is a dream though based on market confusion. Buffet might help ease some worries with his "Buy American. I am" but confidence is fairly crushed in the short term.
Looking at the bleeding and wounded SPs in those that I follow, it's no wonder this is at 10 cents. Lucky it's not 5 cents "just be-frig-gin-cause". The key aspect with this is hold and wait just like the rest of the beaten and bruised taudry rabble. Like Spinner7 said, "2 stocks were at their 52 weeks high and 401 were at their 52 weeks low"
This ain't over as there's no sign of the fat lady. Suspicions are that she's lost weight because all her investments were in American financials and she's had to resort to eats at soup kitchens. One concession though, she's a one-person chior for those same companies as they burn her paper!
I'm looking forward to good times in '09.