day of big rebound , page-12

kbxk, i agree with you in mid to long term, otherwise mangement would hve to be stupid to pay so much for ALD in this part of the cycle , i have no doubt if the acquisiyion goes to plan, and sbm can reduce costs and increase production at ALD and further reduce their cost then yes even $2 will be cheap when pog gets to $2000 because sbm will be the next thing outside of NCM for fund managers to buy. a bit like LGL i guess. but the risk is that sbm has production issues and or ADL has prudction issues or pog does not go up as planned. i think sbm paid too much for ald particularly in this market they tried to price it so there is no counteroffer but i think it was unnecessary in this market. all i was saying was tht 1.29 was always on the cards with shorters taking advantage of the ill priced acquistion. POG is key and its not looking good short term. id rather be in incomw stocks like WPL and TLS and Banks paying nice dividends. gold is still a speculative play. yes i bought some more sbm at these prices but i would not be going all in as $1.11 looks likely if pog correvts south and the whole market takes another leg down. if it gets to $1.11 then i will buy like a kid in a candy store as that will be real value becoz at the minute its cheap but not super cheap, theres lots of super cheap stocks out there with dividends to boot!!! thats all im saying. NCM is better play imo !!!