Replies to post #42051 on Chemtura Corp (fka CHMT)

[fisherman2009]

I totally agree. I don't see the PPS going up much from here. I think things have peaked I'm afraid to say. I think the mentality of the MM's is to keep the PPS low to reduce risk prior to the POR. I believe that the 3rd quarter results coming, probably by the end of the week and the MOR results sometime during the middle of the month will have little impact on the PPS. I am inclined to believe that the uncertainty surrounding the commons will hold the PPS in a trading range until we see or hear something revealing which will give us a better indication as to what the fate of the commons will be. I do believe there is a deliberate attempt going on right now to keep the PPS in check, however I have given myself a deadline to prove my suspicions wrong. If the PPS hasn't moved over a $1 by the end of the month, I will close out my position in Chemtura and be happy with whatever profit I have, as I'm sure many will do the same.