if you belive that, read this. http://yahoo.reuters.com/news/artic...6-21_00-31-46_N20245025&type=comktNews&rpc=44
I did not say spike. just saying that it is a great buy - definitely one of the best bangs for buck on the long side (big upside and in cyclicals) while downside is already all in. Also - you likely know how quarterly reporting works when you are about to disappoint after a long time... it reminds me MS 1 year back - that was a sweet ride. do you own dd if you want to get in!
fast money did a 10 minute opening on this today, it sounds serious, talked about the derivative market. I think this would be more serious than the sub prime market collapse.
scary thought, isn't it Don't worry, I'm a pure technician at heart; fundamentals and news never really mean much to me, but every so often I through out 1 or two thoughts to see what is right or wrong to say (and then what not to say to investors, hehe!!) You should have seen me many moons ago when I applied to the power company in risk management to monitor electricity swing options - talked circles around the interviewer about modelling them, then when asked 'List some factors that effect the supply/demand of electricity', I spent 5minutes and the best I could come up with was 'Uhhhh, the weather?' heheheh, fundamentals > me