This is a seekingalpha article that I agree with, and I think is a must read for those not fully familiar with the story.  For most of us, it is familiar territory, but worth remembering as we wait.

 

http://seekingalpha.com/article/1092441-the-pan-orient-express-a-highly-skewed-risk-reward-situation?source=email_rt_article_title&ifp=0