GREY:MLKKF - Post by User
Post by
Birpind1on Dec 11, 2009 4:37pm
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Post# 16579581
2nd confirmation
2nd confirmationJust got a call from stingray PR and the deal is done.If you have waited this long ,why bail now.Ml will probably goes sideways or possibly the shorts will make another run at getting it below $2.00 but the outlook for the long term is good.I think the shorts will be covering by xmas or yearend.
-Commodities in a bull cycle
-ML is now a takeout target
-Copper is above $3.00
-Moly going to futures market in feb 2010.Odds are that it rises
-ML 4th qtr results should be feb 2010
-Could have the debt restructuring in feb 2010.
-China keeps coming out with better than expected growth.Copper is being consumed better than expected.
-I think the US dollar rally will be short lived and will continue it's decline in the new year.In return higher commodity prices.
-Steel production ramping up-Good for moly.
-Most infastructure projects will actually start being built in 2010.
Anything can happen.Somebody else can post all the cons.
Thanks,