RE:Down Down DownI agree the SP is going down. But I think it's going much lower than $1.50.
Hope I am wrong, and I have no hard data to base this on but my own experiance working for a major. I am going to be a real opertunist and wait until the 60 -70 cent range. And then even at that I will likely have to hold on for a couple of years.
Sentiment in the industry is very low. Sentiment in the market is very low. Long range forecast is for low prices and over supply. These all equal lower SP.
Just my opinion.