What is driving the $1.00plus drop in price
post on the LYO board stating PE/ethylene peak doesnt happen til 05, according to one mjr firm on the streetbig positions being unloaded
I'd be tickled pink if we see the top of the cycle in 2005.
Unloading may make sense, as those in at $25-30 are on top of 30-60% profits. We are also appoaching the anniversary of the low of $25 around last March.tnr
A lot of the basic industries are down significantly. Look at copper!
Maybe they let Rocket out to visit another customer!