crk - It is starting to feel like "stink bid" time. I am looking for more panic selling this week. I am starting to put bids in on Canadian Jr oil/ngas, gold/silver. I guess gold could go all the way back to some rediculous price like $350 and silver to $4.50 but I just can't stand watching what seem like bargains without doing some buying.
FMA was $5ish, now $.75..........if it goes to ZERO, I am only out $.75/shr. The odds of it being 100% worthless are very long. I am going to laddar bids at every $.05 interval and see what gets filled. Risk reward at $.75 vs $5.00 is compelling.
If silver and gold become totally worthless, what will everything else in the economy look like?
As far as the CDS meltdown, I have a feeling at DOW 5-7,000 the government may declare that CDS'S were illegally written "insurance" policies, and declare them null and void. Wouldn't that spark a reversal in stocks!
Kipp
