my take on kar chart, page-124

Damn Happy to see the KAR ship setting sail up the river of gold. It does leave some questions that need close analysis:
1. What happens if Greece (or other PIIGlets) default in an uncontrolled manner, sooner than expected? What price would KAR revert to?
2. With the Euro Govts looking to quarantine bad debts, will there still remain a risk of Greece defaulting? If so, will it be a controlled and managed default?
3. If the Euro's do manage to keep some semblence of order, how will the markets proceed from here?
4. Regardless of whether the markets start to flatten out over the next week or so, I believe that those companies with (or with the chance) of good news are likely to be a focus of investors looking to get onto a good news ride, particularly if they have been hammered. Today seems evident of this as risk becomes appetising and oversold Energy & O&G assets look better.
5. I remind you that the day that Kronos was announced that KAR was the only (or one of) share on the ASX to rise against a backdrop of bad news. From memory it rose 14%.
6. The first drill hole will be a crestal hole, so I would imagine that it will hit gas.

This could get really interesting. High risk - high stakes.

Buy Woolies if you are scared.

Jimmyoz,

Mt Somewhere