Yesterday's spike up was encouraging to long suffering shareholders. But what caused it and will it continue?
Reporting a 1.1m loss for the year doesn't seem cause for a rise, maybe the change in leadership is part explaination. But it could also be attributed to the renegade actions of several big US states in defying the federal/bush administration by enacting green house gas emissions legislation. Here's a tid-bit from this mornings SMH:
"We welcome all efforts to help meet the President's goal for reducing greenhouse gas intensity by investing in new, more efficient technologies," Michele St Martin, a spokeswoman for the White House Council on Environmental Quality, said.
the whole article can be reached here: http://www.smh.com.au/news/world/states-bypass-bush-on-greenhouse-gas-emissions/2005/08/25/1124562975581.html
Now the question I face, do I sell into the rally and reinvest the funds in oil, or hang in there for another six months, down 20% ATM
OEC Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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