I think we all know this will open very well this morning.
I would not be surprised if it hit above 1.75.
The question is, should holders sell high during this rally or hold for longer term? IMHO fair value is still $4-$5, i've been saying that all along.
That said, will this be a dead cat bounce or a firm sign of recovery for the credit crunch? Last night's Lateline business gave a good case for this not being the bottom yet.
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