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Re: longmike2 post# 53905

Tuesday, 12/11/2012 11:36:46 PM

Tuesday, December 11, 2012 11:36:46 PM

Post# of 65657
Good to see you back. Long time no see.

First off, as selling in all kinds of things is going on marketwide, remember the wash rule. The sellers will honor the wash rule, and this will have a say in the timing of repositioning after the first of the year. Just be aware of this fact.

And as to the effect of the wash rule on SFMI, bear in mind that, if there is a surprise of some kind, sellers who are constrained by the wash rule will get caught flat footed. So, my "guess" is that the bulk of the sellers who want to protect themselves for tax reasons and who intend to buy back in after realizing the benefits they seek, will have already done their selling. So we may not have a lot of selling pressure between now and the first of the year. Just athought.

If SFMI surprises everyone with news, then anyone who sold and took a loss and is constrained by the wash rule will be caught flat footed.

So the wash rule ought to constratin both sellers who don't want to be locked out of stepping back in, and it also will control, to some extent, the timing of any January rise in price, IMHO.

As to the mill itself, just look at the pictures. The build out is not random. It has happened, and the various buildings are visibly getting done. And the organized way the huge pile has gotten positioned on the input side of the pictures posted this week tells me that there is life here.

And the Sinker is said to be being bolted down, end to end. Who knows how far along they are. And drills are to arrive, or so it is reported, so there will be a major impact if they actually get delivered and photographed. We'll see.

Good to see you.

Imperial Whazoo :o)

"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."

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