Bill,
Remember Faust? I don't think they teach it (even at University) anymore.
For those lurkers with a US public school education, Faust meets Satan, and sells his soul. The deal is though, that Faust gets to keep his soul as long as he is not satisfied. "Verweile doch, du bist so schon."
So anyhow, you got to figure Clinton has a deal with Satan. While I doubt that he has reached satisfaction, maybe his deal was for 8 years. That is, he has managed to keep the US market up, but everyone knows the game is over in November, regardless of who wins.
There have been a lot of reasons for CMR to go down recently.
Silence on the refinery. Silence on financing. Silence on Agra. Share dilution. Mgt awarding themselves options. Somewhat thin treausury (at least as of 3/31).
This is not a low risk proposition.
Of course, if mgt. pulls it off, it becomes a high reward proposition.
If they don't, while I would vote to assign them to the netherworld, we must remember what Goethe taught us:
So lange wie man strebt, wird er irrt.
[Apologies to those whose hoch-deutsch is less rusty than mine] |