RE: BMO is a screaming sell or shortWhat really shocks me is how atrocious Meryll Lynch's numbers were and the SP actually ticked up. I guess their numbers were only disastrous as opposed to catastrophic. There must be a very fine line between the two.(lol) In a nutshell, serious intervention from "the powers that be" propped up the SP.
Why the FED (a private bank BTW) keeps printing money for these mental midgets is beyond me? Essentially they are trying to apply a quick fix but are only making the problem worse in the long term. I wonder if the average American taxpayer approves THEIR dollars being used to bail out stupid & greedy bankers? Shareholders ultimately get shafted as well.
I'm also quite excited about NGM's prospects going forward. It's too early to call NGM the next ARU but they certainly had FAR better grab samples but the drill will ultimately tell the tale. Nice to see them cashed up with 4.1 million in the kitty for future exploration.
Good luck.
SMF069