1914, on a day like today, coallies were all going to go down, regardless of shorting. Our coallies at year lows today: AQA, BTU, CKA, GUF, NHC.
So, if a holder knows it is going to have its share ripped apart, just due to market forces, it may as well be paid a fee,and might even make a profit on these red days.
Not saying I agree with shorting (these BOA/Mat Cap deals scare me), but I can see the logic in it for the lender. Maybe if someone took over my portfolio on red days and said I would profit no bad how things were, I would do it, too.
MTE Price at posting:
32.0¢ Sentiment: None Disclosure: Not Held
