When you compare SCCO's performance from COB 8-7 to COB 8-14 to the Dow, S&P and NASDAQ you'll see that SCCO has beaten the snot out of all three over the last week (by about 13%) ...... not bad for a stock that has under-performed all year.
The question is what has changed?
Many maintain that the recent drop in the market is primarily due to forecast FED actions. If so, why didn't SCCO also mirror market performance?
Me thinks that the real reason for this disparity in performance is NOT related to forecast FED actions. More likely it's related to what is happening in the middle-east. Although I did not even bother to check gold and silver performance over this same period I'd be willing to bet that these commodities also out-performed the indexes over the same period.
If so, does this prove the axiom that when in doubt you should own something that has and something that can hurt you if you drop it on your foot.
My crystal ball says that you will see 30+ in the very near future.
How long it will stay there and how much above 30, world events will determine.
Oh great swami what else do you see? Hmmm ..... I see a pop in precious metals and likely oil if the Arabs just keep killing each other.
Always remember, it's not about religion or politics, it's ALAWYS about power and control and what power and control can give you if you're the "winner"!
Who cares how many people die, how many kids starve, how many societies are destroyed or how many women are raped ..... it's all about "winning" AND installing your 'morality' on the unwashed ..... and, most important, it's about making MONEY.
Can you tell me why Obama will NOT cut-off sending OUR money to Egypt even if their streets run red with blood? I could tell you, but you should try to figure it out for yourself.