To XIII
When do you expect the capitulation of the shorts?
What is the critical SP when they loose control?Is it the 4.4 or the 5.25 .
At 5.25 was the deal made for the debentures.So IMO this level is the most important once it's passed we could see a fast move to the all time high.
Normally end of this week the pumps must be turned to production.So next week could be a good one for CLL.But because of the strange behavior of the SP during last 2 years I'm wondering if the shorters will loose control .I think the 4.4 could be tested once again but if volume remains around current levels I don't think we can smash it.We must see volumes in the million range during a few days like in the period we went to the 6 $.Only then IMO the shorts will loose the game.
Even I think in first half of 2008 the top can be reached if things goes well.
Many of you predict a SP over the 6 $ but I'm a little concervative but I do hope you are right .
But if DG launched a good media news on CLL to attract other investors things could change.