Banter and general comments, page-24601

Brilliant Day - So let me ask those posters on this thread who were saying to me, do not listen to what the big boys have to say?

On LTR
Guess what GS knew exactly what they were doing when they became share holders in LTR, just revealed their position yesterday....

MQG had predicted LTR target at $2.60 - Guess what, we are there - in fact the close suggest that the market expects a higher bid for LTR

As I said the other day, these big boys have far more information then all of us put together. Ignore them at your wish, but understand what they say, coz they sure know more.

A rising tide lifts all boats
Luckily with the LTR bid, CXO got the pump it needed, with 188 million shorts to cover, this makes a very interesting scenario. Shorts have two choices, double down or cover. I suspect with another few players interested in LTR, or perhaps higher bids, I think they will cover. This should get CXO back to that 1.10'ish mark.