Post by
ark88 on Jan 05, 2012 12:10pm
Coincidence?
Are we about to repeat what happened with CMK twice, back in 2008 and 2010. In 2007, hitting the lows in the
.18-0.20 range in December, then peaking around $2.50 in June of 2008. In 2009, hitting the lows in the
.40-0.50 range, then peaking around $2.50 again in April 2010. Just applying the 2008-2009 run to todays price (+/- 500%), we would get to around $7-7.50 range. That sounds like a decent buyout number to me. Just a coincidence?
Comment by
j0n3s on Jan 05, 2012 1:08pm
I like your anaysis BUT throw in the Euro woes and the global impact that goes along with it and all of a sudden I turn really skeptical. :-)
Comment by
oilismoney1 on Jan 05, 2012 1:19pm
And we were also in the biggest bull market in half a century.