Did it take for the govt. to put the tobacco companies out of business for selling a defective product.
And did they ever admit that their product was faulty.
Same could happen here.
How can crude prices continue to rise when there is no more storage capacity?
That is until something geopolitical changes the equation.
Just don't know.
Talks with Iran getting nowhere and Israel is waiting for it to fall apart so they can handle it.
Saudi's will soon be deeply involved along with others in a Middle East war of wars.
Oil will have it's day in the sun again.
that's my bet.
Those analysts price targets were based on the drug approval.
Targets will be lowered after the big guys get retail to add their shares.
New price target will be 6$ is my guess.
Didn't mgmt have a meeting with fda a short time ago to get clarification?
They went out before the crl and hire a hoard of sales people and bought a building which gave us all confidence they knew what they were doing.
Now it looks like their ineptitude is monumental.
At one time I thought they said they were working hand in hand with the FDA on getting approved.
I just wonder if they weren't told to do this study some time ago and are now just disclosing.
Just doesn't add up, smells fishy, and looks like we are being played by this mgmt.
In any case, I feel as you do.
Seems like I've heard that before.
My confidence in mgmt has hit a new low.
Glad I sold most of my shares before this fiasco.
I've noticed the same thing.
They say it's the switch to summer blends.
And it's the strikes at a number of refineries.
And a fire or two at others.
And we don't have enough refinery capacity.
And Obama won't let us drill , drill , drill.
You're right they are ripping us off at the pump.
112% owned by them, so be careful as they will try and make it look like this has bottomed to lure you in, and then will drop it further.
That's how the game is played on Wall St.