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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: cubsfan who wrote (4661)	12/15/2008 1:08:55 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 6370

Good luck as well. I am hard pressed to average (I have not much yet, at 3.50) but I already wonder whether the Huntsman guy has (been) cheated once more. I read todays news again: 250MM of the proceeds are invested through a convertible, and this way Apollo has a good card. The convertible can be priced at a low stock price yielding many shares. So, there is lot of incentive to drive the stock down as far as possible. The banks who are still courted by huntsman will do everything else than support the case...

To: cubsfan who wrote (4661)	12/18/2008 10:10:38 AM
From: RockyBalboa	Respond to of 6370

Added some HUN as it came back to life. Also, bought more TBT at 37. Looking at Oil,.. $38, in Euro terms way cheraper than in 2003.

To: cubsfan who wrote (4661)	12/29/2008 6:19:47 PM
From: RockyBalboa	Respond to of 6370

Hmph,.. Dow, Rohm & Haas no help. The negative headlines just keep popping up. biz.yahoo.com AP Dow Chemical may seek lower price for Rohm & Haas Monday December 29, 5:01 pm ET By Ernest Scheyder, AP Energy Writer Dow's $15.3 billion buyout of Rohm & Haas could be re-negotiated after Kuwait deal collapse NEW YORK (AP) -- The collapse of a joint venture with a state-owned Kuwaiti company may make Dow Chemical less willing to pay the $15.3 billion pricetag for Rohm & Haas it initially agreed to last summer as energy prices peaked. ... Shares of both U.S. companies tumbled more than 16 percent following the collapse of the $17.4 billion venture with Kuwait's Petrochemical Industries Co. It was the second major buyout in the chemical sector to go bust this year as the economy unraveled. In June, Hexion walked away from a $6.5 billion deal to acquire Huntsman Corp., citing the company's financial deterioration. Dow agreed to pay a 74 percent premium for Philadelphia-based Rohm & Haas in July as it, and other chemical makers, were faced with unprecedented costs for energy and carbon-based feedstocks. Since then, crude has fallen to levels last seen in 2004 and credit markets that fueled a buyout frenzy have frozen.