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Message: Thursday Trading

Thursday Trading

posted on May 15, 2008 09:20AM


Little more than half way through the day and Volume is very low compared to previous last few days. 60min charts are somewhat the same as yesterday, Stoch and MACD bearish and OBV flat.

Pretty obvious that the the market treats the VHeadline news as mere rumor.

Seems Chavez has more than the two options of accepting or rescinding revocation. Rescinding revocation may not necessarily mean the permit is approved. A possible third option of Chavez going with his environmental experts and requiring they work with Kry for submittals of additonal mitigation measures is still on the table, and is likely.

Regardless, when the news comes, especially if during the trading session, the first indication we will likely see is that it should halt trading.

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May 15, 2008 09:42AM
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May 15, 2008 10:57AM
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