Merrill Heavy SellerMerrill has been a heavy seller all week.
Westwind has stopped buying.
Lot of juniors are getting hit so I would say that the overall junior market is taking a beating.
Banks are getting hit pretty good as well.
Overall the market is in a bear mode and I have no idea when it is going to turn bull. Maybe when the Asset base paper losses are fully divulge and who ever is caught with it come forward and takes the losses then maybe we can move forward.
Luckly BTC got the financing way back when even though back then most people thought it was too much and too sweet of a deal with the warrants. I guess everybody is now happy that they got the cash at $1.25.
JMHO
MM