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Well, needless to say, I took a beating today. (Even with the trade).
I will probably get stopped out tomorrow but I'll do that rather than
see any more profits drained away. I will still make 80K profit at
$30 and I'll no doubt play it again but I'd like to see it settle and
begin a consolidation period first.
Based in U.S. dollars, the mean estimated forward earnings for 2008
are $1.00 and I believe that will be revised higher but it's trading
at close to a PE of 100 on trailing earnings and it could go down
quite a bit further if the panic continues.
Hope everyone who followed this made money and I apologize again for
believing the earnings reports as published.
Bob
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