I'm sure this is the question on everybody's mind... including mine.
Lets first begin with the company. I have been assured that everything is still going well and things are falling into place as expected. So unless you have to sell tomorrow, patience will be rewarded.
The increasing price of oil caused by the unrest in Africa is causing all coal and other commodities to drop. Commodities dropping could be causing a lot of fear. I think the biggest fear is that we maybe on the verge of a double dip recession. This is what I believe is causing the massive sell off. People are trying to be smart this time around and get their money out before the bottom falls out. I'm not sure if a double dip is on the horizon but if it is, we will be stalled at very low prices until it ends. My hope is that Lybia can sort out their crap soon and allow oil prices to come back down to $90 a barrell. This should stabilize the economy and allow it to recover.
Lastly I want to appologize for pumping/ramping in one of my recent posts. Although I did say do your own DD and not use anything I said as investment advise, it was probably not the right thing to post.
Anyways, with out saying too much, I am hoping for a buyout! With current market conditions, I would rather take the $3-$4 now then have to endure another recession. The last recession dropped my net worth my 80% at one point. I was too stubborn to sell and eventually that payed off with a 60% total gain. I'm not saying a recession is coming but I would rather have the cash and play it safe.
GLTA.... Hoping this is just a big bump in the road that is about to end.
JGo
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