Welll,
I will be very interesting to watch ESG today.
The DOW drops... will the shorters return.?
I doubt it., if they have any sense.
For the last week or so, volumes have been very low. Hints have been heard around the place, which the shorters seem to have gotten hold of, about really significant news that is imminent from ESG.
So, those shorters have fled to the hills, and have established a new breeding colony with Mangels.
So here is the challenge to the shorters today - do your worst! Go for it. I double dare you. You don't have the guts, because you have heard what is coming for ESG.
They just don't know when!
Even shorters of a known takeover stock know when to close out their shorts and wait by the sidelines.
Meanwhile, a brief comment on the ETS: Not much affect on ESG. Yes, it would've been nice to give the entire investment community more certainty. But investments always take place in an uncertain world. And one thing is for sure:
There will be no more money lent for NEW coal-fired power-stations. They are deader than the ETS!
The main game for ESG now is with the big boys, and is LNG.
Y
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