thegrimreaper will sit upon his hands

There will be an easy recovery to 140p in early January, retracing the drop that happened just prior to Xmas. That drop was blamed on institutions dumping high beta stocks to window dress their year-end. Those same institutions will buy the high beta stocks in early January. The only question in my mind is whether it will stop at 140p or continue onto the 156p equilibrium level.

Talk of takeovers has gone very quiet over the past 9 months. I would have thought that anyone considering acquiring cw would need to make a move in the first half of next year. Rumours may provide short-term impetus to the price over the next few months and apart from potential legal difficulties in exiting the USA, I can see few grey clouds on the horizon.