doesn't take much to crash the sp on this one .. Tight stock - no buyers, a few panic sellers and DOWN YA GO! .. especially in a bear market.
I expect more good drilling results .. AND hopefully, once this subprime / US housing crisis is sorted ( .. 2-3 months?), we hopefully should see the bulls back!
Recessions of the past shouldn't be the same now IMO.. new world order .. too much cash about, too much growth. While US faultering, Asia HOT, Aussies HOT. US uses low US$ and expanding markets overseas to restart their economy. Alot of US companies making HUGE $$$$ in Asia. Plus, too many people don't want a world recession and NOW have the power to work against it!
Might take a few months, but this is my prediction. Either that or world Depression and WWIII .. :)
Bg.
OEX Price at posting:
0.0¢ Sentiment: None Disclosure: Held
