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Dish Network Corp. Message Board

peterjanda 2 posts  |  Last Activity: 19 hours ago Member since: Nov 24, 2004
  • Admittedly I've been befuddled by the sharp breaks in FCX's equity value and in those of some other commodity names on days like today, when the underlying fundamentals don't support such moves (e.g., gold up today vs. another large leg down in gold miners).

    Wondering whether anyone has come across one of the explanations that goes something like this and whether anyone has at least a halfway informed view on it... Chinese government imposes selling restrictions, so market participants over there use liquid U.S. equities to flatten their commodity exposures. Thoughts?

  • Reply to

    This is heading to 18-19 range in October

    by listen_jockers Sep 24, 2014 9:56 AM
    peterjanda peterjanda Sep 24, 2014 11:13 AM Flag

    Couldn't resist responding... one of the funnier posts I've read this morning.

    At $19 a financial sponsor will step in, buy the company, liquidate all tangible assets, pay off all liabilities and make a ridiculous return with the money that's left over.

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