Just a reminder today is a "witching day", so expect craziness on close. Yesterday Bank of America was reported to have structural problems, one of those problems may or may not be its hedge on small prospective lithium producers. Shorters may or may not roll over their bets, however considering the current state of US banks/financial institutions, the upcoming Moblan revaluation, the coming raft of financial deals with prospective spod buyers, they may think it is time to move on.
I have no idea if I'm right or not, but like all of us we are fully sick of these guys, hopefully this is the day or at the very least we might have short downgrade to 4-5%.range.
Fingers crossed.
Just a reminder today is a "witching day", so expect craziness...
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