gdy market expectations, page-5

Hi guys and thanks tawny for starting off this thread with your summation.
We would all like to know just when the worlds investors will come to feel that there is a future for this planet again and
that they have the courage to take a position and hold it for more than a couple of hours before selling off again in the last 1/2 hr. of the days trading.

I wrote a nice long speil on this and while checking a couple of points I closed another site (so I thought) and HC closed also and the lot was blown. I hate that happening even if it was me.
So this will be much briefer and you can all say "Thank God for that".

Firstly on the subject of the Rig price going up due to the Aussie$ falling. - Iam not losing too much sleep right now on that score. Reason: I cannot believe the $US will hold its new value level for long. It's an abberation that it is doing so now. My thinking is that when the $8b injection by the Fed. fades on the radar and the enormous debt situation that the US has brought on itself over the past 10 years or so comes back into focus the world will return to shunning the dollar as they have been in the past year.
Come the time to pay for the rig it is my belief the $AU will be much stronger as our healthier economy asserts itself once again an GDY will be laughing as they write the final payment.

Secondly: Recovery of GDY share price. - It is not because I am a perma-bull or live in denial of the chaos the worlds markets are roiled in but I do see a good prospect for a healthy and timely recovery here.
Reliant on successful completion of the next brace of milestones as it has been all along of-course. Current delays and irritations included.
Actually we could be saying in maybe 6-9 months time or so "How fortunate it was in a way that progress was slowed up a bit by this stuff".

Why? - Nobody is able to say with any precision or certainty how this market meltdown will play out but there is reasonable certainty that one day, sooner or later, those investors about the world who just 'need' to get on with it and there are billions of them, will heave a great sigh and go looking through the bargains on offer to rebuild their books.
Insurance companies and super funds and hedge funds, banks etc. Just can't say "Stuff it. It's all too stressful."

And so the big wheel of capitalism will start to turn once more. When that happens a new fear creeps in to the market.
-Fear of missing out!- and the sharp upturn begins. Maybe not as sharp as some we've seen,but up out of the hole.

Blue chips and good but hammered banks and all will be scooped up and so on.
When the obvious quality stuff is pushed well up the search will be on for the new favourites. Maybe not property or Mortgage companies or anything perceived tainted by the financial crisis this time but what ??

Well, how about a well proved up clean , green, efficient, baseload, electricity generator with a staggering story to tell of their future as the new way in power generation and it's happening now.
Won't want to be too late getting a foot in the door of that one.

Well, what do you reckon?

Did I say this would be short? Nahhh. I just can't do it.

geojac