re: **goblin about those jbmwmg*** E-trade rang me the day before expiry advising that Macquarie Bank had rang them with a offer to transfer the warrants i was holding into longer dated JBM options(JBMWMH).
The broker said at the time if i accept the offer Macquarie would put approx 30,000 shares up for sale.
On the expiry day as soon as I put warrants up for sale, sellers appeared for the shares & the price got hammered.
JBM's 3rd quarter report was far from brilliant & liquidity became very poor.
Etrade blocked my access to their website only 1 hour before closing time I rang & complained & access was returned immediately.
I must admit I was quite upset on the day.
Did Macquarie deliberately sell down on the final day?? Yes.
The Next morning on Egoli's website Maquarie Bank submitted an indepth article stating why Thursdays weakness provided a great buying opportunity.
Yup, JBM looking good again but I got screwed out of about $7-8k profit on Expiry day.
Ahh well, things looking better all around today so thats good.
cheers.
JBM
jubilee mines nl
