Chemtura Corp (fka CHMT)

[fisherman2009]

Maybe we had some profit-seeking individuals with large amounts of cash at their disposal on Friday who started buying in order to drive up the share price in order to force short-sellers to cover their positions, thus driving up the price for themselves. These same people have decided to take some profit by selling off small blocks in an attempt to walk the price down to perhaps the low to mid .60's in order to add to their positions. I don't see this thing dropping below the .60 mark. If we continue to drop today I think the selling will end tommorrow. If we level off in the mid .60's at closing we could see a little more selling tommorrow. In either case I think the buying will resume by Wednesday some time IMO. I just thought I'd add my two cents as crazy as I may sound.