GREY:ESOFD - Post by User
Post by
Buckshot26on Mar 16, 2013 4:47pm
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Post# 21140544
credit suisse
credit suisse all in my opinion please do your own dd.
credit suisse was buying for the van eck uranium and nuclear etf, symbol nlr. they started to take a position in both dml and amw on thursday and when they up date the holdongs as of friday march 15th this monday morning you will see the jump in position size. i believe some money was taken out of cameco and some of their other big holdings with a goal of bringing both dml and amw up to the 4-5% range in the fund.
you can track the holding here:
https://www.vaneck.com/market-vectors/equity-etfs/nlr/holdings/
so the trade on friday was to sell into the strength. that said, if you go through the other names held in this fund, the fact that alpha makes the cut says volumes about its potential, which is why i continue to add shares to my position.
glta,
buck