If longs can't take a 30 tick down-move AFTER a 100 tick up-move in the last month there's going to be a lot of nervous breakdowns in the next year or two. Perspective is a SKILL people. Here to supply it, as usual, is the good Doc today.
@Drjimjones The important thing here is trend: 1) case reopened, 7 changed, govt official fired, 3 levels of court says crimes committed, judge and provincial courts says crimes and other company didn’t complete tender should have been disqualified, 14-16 changed, charged upgraded a expanded, judge rules no more evidence or appeal to delay resolution, media shift towards a narrative that Emo was wronged, emo grows to +300 million mc, pp sold out in 3 hours over subscribed, the narrative has clearly changed at the govt and public level. At every turn emo case gets stronger and stronger, the govt leaks info to press to prepare public for resolution in emo favour so there is no question it’s justified…. The wild card is timing but I’ll back a “when” vs “if” any day especially when the locals need the jobs, the govt needs the taxes and the Eu needs the metal so much that they are providing 3.4 billion in funding. The data all points to a win and within a reasonable time frame, every parties self interest supports getting it done quickly. 10 from #emo, about 10 hours ago
@Drjimjones Anyway a lot of nervous chatter yesterday, just revisit the thesis. What’s the upside what’s the downside… I’d suggest stop trying to figure out every tick, you’ll go nuts. It’s a stair case nit a straight line. @campbeas I agree, nothing is ever 100% until it’s official. The data overwhelmingly certainly point to emo winning. My take which is widely known after yesterday’s news is 99.9%