House number 039 bailed out.The reason for the decline lies squarely on this brokerage, as they dumped 60,000 shares in the last 15 minutes or so, a majority of them in the last minute. In fact, they drove the price from $2.50 down to $2.22, and they were the only seller at that price until after hours, when another house decided to sell some. I'm amazed that I was able to pick up 1500 shares after-hours. I wish I had picked up more, but was a little hesitant. Anyways, I gladly received the gift.
Interestingly, the same house that dumped Aur at the end of the day was veciforously devouring shares in Falconbridge throughout Friday's session. It looks like they simply wanted to rotate their holdings. Then again, it could have had alot to do with options, as today was the expiry for the month. At any rate, I certainly would not be worried. The metals were strong today, and it does look like the proverbial tide is turning.
Best,
I.