Zeev, I found your remarks on OMG to be confusing.
"Still a loss" - didn't they show a small profit? What does that mean?
I am not an accounting type, but do you take out an asset before it is sold? Orchid recently had the same situation and they listed it as "discontinued", but they did not take it out. It seems that a company that was circumspect enough to write down the cobalt in the first place would not get sloppy at this point.
"If markets turn south again, they may actually run into debt servicing problems." I don't understand this either - what does the price of the stock have to do with their ability to service debt? Does you mean metal markets? Auto catylists are increasing - this was the reason for the acquisition that got them in trouble in the first place - and that bet seems to be paying off.
I am wondering if there isn't a touch of sour grapes here because you missed the run on this one.
I stay in or out of a stock as the charts and the tape dictate. What I have seen to date is constant accumulation by the instys and a spike up in price every time they stick a big toe in. There is an ensuing drop as the specialist works the stock down a bit, but then every time the blocks come back the price spikes again. Yesterday the instys backed off, but they were buying every day before then. The stock was whipsawed but volume was not out of the ordinary, showing ownership has stabilized.
The only way I can see this going back to the 6's is a major economic downturn that puts EVERYTHING down 50% and halts progress on alternative energy development in the auto indusry.
