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S&P 500
5,929.04
(
2.53%
)
US TECH 100
20,223.20
(
0.00%
)
Dow Jones
43,729.93
(
3.57%
)
Brent Oil
74.58
(
-0.65%
)
Bitcoin
75,104.47
(
-0.71%
)
Post# of 18778
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solarity

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solarity

Re: Lickety Split post# 206

Saturday, 07/12/2008 9:58:26 PM

Saturday, July 12, 2008 9:58:26 PM

Post# of 18778
I think the latest downswing in SP is directly related to the native unrest in the Niger delta. Addax makes a good chunk of their money in that area and just yesterday MEND announced an end to their 2 week cease-fire. A month ago MEND basically took out Shell's Bonga platform which is way the hell offshore. It could have just as well been Addax they targeted. Maybe Addax has the savvy to grease a few wheels in the area and basically buy off the MEND terrorists, but who knows. Some risk here for sure, but over the long haul Addax looks like a winner
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