RE:RE:RE:Well done longs!! Good morning to all longs! How are the hang-overs this morning boys?? Man I wish I lived close enough to Leamington to have been in one of those bars last night. But since I live a long way from any bar, had to content myself with a couple of Ardbeg Uigeadails in front of the fire.
I've been reading the celebratory posts this morning, and like you I'm greatly relieved. Knowing something is probably going to happen is NOT the same as actually seeing it happen. Also, like gottahunch, have to tip my lid to Vic N who set APH1 & DD in motion and hired the Mastronardis and did a lot of other things right (but then screwed us all with his hubris). I also agree that this is a big step into a wonderful future, long-term. But I would like to introduce a note of caution re the SP. My Scottish side says, remember, this stock, more than the rest of the sector, is heavily manipulated by the big banks and trade houses. I could see them giving this news a big shrug, simply because it's not in their best interests at the moment to allow APHA rise to its logical price (imo, for what it's worth, ~$15 right now; ~$30 in less than 3 years). Next week will be key,. If we don't see the SP rise at least $1 by next Friday and stay there, then it's hard to see what possible news would drive it up by $10 in the next 12 months and $25 over 3 years. I've stated before my belief that the market always eventually reverts to the rational, valid SP. But "eventually" can be a long time. So, I'd counsel: emotionally not too high when times are good, not too low when times are bad. Stay the course, don't sell. There will be not so great days in future, but the fundamental value and opportunity of APHA will shine, eventually.