Re: Nice Close - There is upside strength
posted on
Mar 07, 2008 02:38PM
Excellent post Quicktrade. The markets as a whole are in turmoil, uncertainty is punished heavily. I take solace in the fact that 49% of outstanding shares are owned by institutional investors and mutual funds. That's a substantial vote of confidence considering the stocks highly speculative nature. We face daunting macro issues in the economy, not to mention the micro issues of the company itself. I'm confident that negotiations are reaching an apex and after the long, agonizing wait, we will be rewarded. The appointment of Sanz was a material event. Obviously the process has been flawed, but I believe they have the man in place who can bring the LC odyssey to fruition. I'm sure RM would disclose more if he could, but a comment made not in the public domain could cause damage to the process. I have many disconcerting days with Crystallex as well, though I rationalize the investment by reviewing the facts as I see them. Brighter days ahead, IMHO.