...the sugar high is over. Polymet will now proceed to steal your cash as I have told you since 2010. My conscious is clear. I want to thank a few members here for their support and the fact that I tell it like it is and the truth. BOB
It would appear that analysis by TheStreet (which I posted below) is being validated by early morning trading, in which Polymet is up $0.08 as of this posting.
Investors should, however, keep a close eye on this to consider a point to lock in part of their profits.
The only news prior to FEIS that could cause a rally would be a U.S. Supreme Court ruling against the USEPA. No news on when a decision may be reached, but if the court rules either i) that the EPA was either not compelled by the 2007 Massachusetts v USEPA, as it claims, or ii) EPA is not permitted to rewrite an act of congress to apply permitting requirements from Title II vehicle emissions into Title I and Title V permitting of fixed sources - stock from many industries will rally over the news of this setback to Obama administration's war on greenhouse gases.
In oral arguments heard last week, the USEPA was (as voiced by one of the justices) unable to show a single precedent where USEPA was able to rewrite standards established by Congress.
Still too close to call with a liberal-leaning court, but keep an eye on it.
Yes, Bob, well done! Either you got lucky or have sources the rest of us don't. The entire sector got hit this week. I wonder how the market will respond next week. From TheStreet this afternoon:
Polymet Mining Stock Getting Very Oversold
In trading on Friday, shares of Polymet Mining Corp entered into oversold territory, changing hands as low as $1.13 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. A bullish investor could look at PLM's 29.7 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
Chuckles, I have never looked at cardero, not interested. I am however amused that the cash you have here in Polymet land is doing nothing but tank. That's what the market does to companies who's science is just not sound.
Look I love Charles but the nonsense with talking about cardero which most of us know nothing about it crazy. I guess charles thinks most of us are the same poster which is not true. The fact is PLM will either make people rich or they will lose it all. Thats why it probably smart to not take big positions. Its in the hands of the feds and that is something that is scary.