Chemtura Corp (fka CHMT)

[Monk]

This is a reply I just gave to a question in PM... I'll leave the poster and question out of it unless they would like to share...

But I think you will see my point...

These statements assume you have seen the charts I have posted...

The weekly chart is in a massive pinch and shows that in 30 to 60 days we could be back to the dollar plus range...

The daily chart shows we have now turned the previous .072 resistance into support...That being said... the next short term resistance is .17...

As far as cancelling the shares... completely useless to even talk about it now as any measure in that regard is a minimum of months away if not a year or better...

Now... The good news... a sale of a profitable asset could take this to over a dollar in a day or two...and would put them in a positive cash flow situation... which would likely put an end to the BK.. and we would just resume normal operations...

Also... the have signifigant Net Operating Losses on the bokks.. and those are only helpful if the share structure remains in tact... or if they are purchased by basically an identical business...

In either case... I see this going far higher than where we are now.. and if there is no news... I will simply play the charts...

If we get news... throw the charts out the window... she's gonna take off...

That's my take...