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4,156 Posts.
284
30/04/11
08:39
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Hi,
I do not hold this stock but am posting to make holders aware of possible shorting of the stock.
Nothing proven but worth a read of the Gold thread, BoA lodged similar notices for 9 gold stocks yesterday along with 5 coal stocks:
REY
SMR
CLR
MTE
EPG
seems to be happening to too many stocks for it to be coincidence? Judge for yourself. If you hold this stock it is a must read.
Is Bank of America Shorting Your Gold Stocks ?
Dan Norcini's article, also well worth the read as the same logic could apply to coal stocks:
Hedge Fund Ratio Spread Trades Continue to Distort the Value of the Mining Shares
Cheers all.
Disclosure: I hold SBL and was fuming when I read this could be happening.
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