RE:Why ??CRE has traded in a volatile range for a while -- the fact that we are closer to the bottom of the range is frustrating but not dissimilar to many other times we have traded like this.
As for the PP -- the company wants to advance Rose and to do that we need detailed engineering done asap -- that will cost anywhere from $20-$25m to get done....so i disagree that the PP signals digging in for a long wait.
Why did MS panic buy at the end of the day the past two days?
Why did Anon panic sell today?
Who knows - frustration, sticking with the warrant, Anon may be a fund that has blown up elsewhere and needs to book profits here -- all speculation.
As far as I can tell there is no fundamental reason for the recent selloff that is relatively larger than other Li names....this is the nature of the market. It tests everyone from time to time....
What turns this around - no clue. Part of what turns this is when the "market" feels like the Anon dumper is done and then comes back to buy it up higher - no one likes catching a falling knife. Good news would help -- so would stronger markets in general.
Still very long....