How can we move up?
in response to
by
posted on
Aug 02, 2011 05:03PM
Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta
After some nice ride outs with my Harley I've looked up to CLL and some news of the markets.It lookks CLL is hoovering between 1 and 1.10 .So short time players take some 10 % gains and it could take a while before we get out of themess we are in Europe and the US.today i saw on thenews that the law has been agreed in the US .It's the same problems we see everywhere in Europe and overseas.Who's gonna pay for all the created debt in the past.So far the rich people have pushed the bill towards the lower side but I think we came to a point you can't rip further on that part.Also companies with all their super accountants etc who are helping them to pay almost no taxes are part of the crisis.
In Belgium there is a clash going on between the left and the right and since we had elections for about aprox 450 days we still have formed no government.There are so much things in unbalance these days and at some point the debt need to be payed off .Question is by who you gonna take it.Those who got the most money won't pay for it and those who haven't almost money can't pay for it.So I think the trouble will last for quite a while .I don't see bourses recovering within coming months but rather sliding down in peaces.So for CLL we can only hope it can hold at current level which I think but for the rest to come in profits again above 1.4 it will take time I suppose.
The reaction on todays news for the US is negavtive but at least in the US is one leadership for all the nation while in Europe we struggle with different opinions between the biggest nations in the Eurozone.So being in stocks past months was not that pleasant and I don't see a sollution in the near future .Positive news is hard to find .
When we will have a government here taxes will come accross directly or indirectly .The rich and middle class will not escape these days and because most of that part lives in Flemish part we will pay most of the bill and that is probably something that will be seen in the US as well.IMO opninion the world has reached has limit of unbehavior acts from, the past and because they are unable to push things ahead of them anymore are now forced to take the necessairy unpopular meassures.
Question if for us CLL holders how long it will take until this stock can finally reach a stadium for a recover and a start for a slowly backed move up?