Halfway there already! I am not surprised FLT has done well.From...

Halfway there already! I am not surprised FLT has done well.

From an earlier post in April. . .

There is huge option value in FLT, that the market is not taking into account. (The US, and the volatility of the sp).

I admit that this following analysis is dumb - but proves a point.

SP major moves (approx):
$1 (dec 1995)
to $4.5 (mid 97)= +450%
to $3 early 1998 = lost 33%
to $27 early 2001 = + 900%
to $8.5 late 2005 = lost 66%
to $32 late 07 = +350%
to 3.39 early 2009 = lost 90%

The average increase in sp from a trough has been about 550%. This 550% could eventually lead to a next peak at $18.50 or so as a total guess, in about two to three years time.