GREY:BHNGF - Post by User
Post by
lifelearneron Feb 26, 2011 10:20am
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Post# 18198677
may be lucky
may be luckyI was very upset like most, after waiting 4 months for a REO update with by products $credits worked in, and was then told to wait. After being disappointed, I started to calculate some numbers using the information available.
Here is what could be the silver lining in waiting another 4 months. Since I started calculating the price for the REOs cedits they seem to go up every day. In my calculations in one month the by product credits have gone from $48.00 to $53.00 per tonne. That is an increase of 10% in one month. Al and the rest of the longs may just get lucky with a little unplanned patience. In 4 months who knows what the prices of REOs will be, but if they continue on this path the stock is worth more and more every day, but it will not be realized in the stock price until the report comes out. The more the prices rise before the release the bigger the pop we will get.
Good luck to all the longs.
We may just get lucky being at the right place at the right time.
For all the shorts, in 3 months you will all be in the wrong place at the wrong time. Better get out before the release or your covering will only help the longs. Just my advice.
Cheers,
Life Learner