Chemtura Corp (fka CHMT)

[Madclown]

I would think that anyone who has followed the court filings on a regular basis and one who also understands that this is a very complex case will fully understand that the motion to extend exclusivity was a necessity. 120 days is simply not enough time to restructure an entity of this size and complexity. They have, by their own admission, over 30,000 creditors, 4000 executory contracts and leases, many litigation claimants, thousands of patents, ongoing attempts to divest assets and a large global footprint. In understanding this, it should have been expected that this case would not be settled in 120 days.

I generally avoid making daily price predictions, if for no other reason than to say that my time horizon for ultimate realization of value extends beyond the daily fluctuations in price. However, that is a personal decision that everyone must make for themselves. I do pay attention to the court filings and I constantly scour for related news on a daily basis to see how they might affect the price. There is simply no one that can say with any degree of certainty what the daily price movement might bring.

There is an old adage that says markets can stay irrational longer than investors can stay solvent. That saying suggests that many investors have lost money (or missed opportunities on the upside), not because they were wrong, but because they failed to be right within the right timeframe. Anyone trying to market-time this or any other security does so at the risk of incurring an opportunity cost if news breaks one way or another. This is true on both the long and short side of any trade.