merril lynch buys into paladin energy, page-6

The comment "it is a sell" was sarcastic. ;)

The poster was referring to the fact that Merrill Lynch have been selling down everything they've got their hands on in the last few weeks, and especially the Opes shares and now the Lift shares.

However, this significant shareholder announcement is one of two alternatives:

- it may be referring to the PDN shares they've seized (some say illegally) following the Lift Capital fallover, and to avoid the criticism they and ANZ copped when they failed to lodge significant shareholder notices for all the Opes Prime shares they seized.

- it may be that Merrill Lynch, who after all are a major investment firm, have really been buying into PDN as a long term holding.

True - they may have been shorting the hell out of it to push the price down, then bot trading and accumulating at the lower prices. That's their style - manipulate the price down in order to buy at better prices.

But, if they really are now an investor in PDN as opposed to a temporary holder, then it is in their interest to start pushing the price back up. Maybe that's what they've been doing today...?

The next few weeks could be very interesting for PDN holders.

I hold - lots.