what's next
posted on
May 31, 2010 09:33AM
i thought maybe our sp was going to be flat til fall because of the old saying "buy in may and go away" but i think we may see a flurry of activity in the next month. think of your neighbour selling his rv in the fall because the economy is bad and he needs money. the deal may be great but the buyers know that the odds of the rv selling over the winter are slim and the price isnt going up. so why shell out the cash to buy something that you can buy 6 months later at the same price. the majors and institutions knew that the rof was on hold all winter because of the blockade and they know the timeframe from the drilling starting to gettings assays. now things are going full speed and the economy is showing signs of getting better. what would happen to the value of these stocks in the rof if there were multiple hits in the next few months. that is why we see these talks of mergers and aquisitions heating up. i think the time is now for these large companies and big institutions and also hedge funds to buy in at the right time. i still haven't determined what probe's strategy is here but i think there is some kind of master plan at work and it will soon unfold.