If that is the rule about fund re-balancing, who on gods green Earth could concoct such a policy, given with many stocks, especially illiquid ones, this would cause a massive price distortion. Surely it could be spread over a day or so, but to do so at closing auction its bound to create a disorderly market. Whatever, I feel it behoves management to give some reassurance to shareholders or better still open their wallets and demonstrate their confidence in the company. I will certainly be buying Monday if the share price does not recover.
MLD Price at posting:
52.5¢ Sentiment: Hold Disclosure: Held