Post by
2guys on May 14, 2007 2:40pm
Will Pros Short Their PP Shares This Week????
I don't think so. Just my honest opinion of course, as I am not a shareholder, nor have I ever been, yet.
I am a shareholder of Sola (SL) which is also a diamond explorer in Brazil, and therefore I have some interest in other area plays.
Now, why would the "PROS" sell short on their pp shares this week?
If they were to do so, then they wouldn't be called "PROS" would they? lol
No folks, IMHO, the only ones going to sell this week are the retailers.
The PROS, if they wanted to sell short, would have done so long ago, when IIE was trading huge volume and in the high Teens, low .20's, IMHO.
Not much logic in selling for a small % profit, when they could have easily sold short using their pp shares as collateral, when the volume and price were to their benefit.
PROS, if you call them, theortically, selling short using their pp shares, would keep their warrants, and take their profits off the table on speculative plays like IIE.
Still, if I were looking to become a shareholder, the next week or so, should provide the best possible entry price, again, IMHO.
GLTA. OT - Sola is starting their dillineation drilling of the Carolina Kimberlite, and should be begin bulk sampling this month. Long term, I think that Brazil will be a very hot area for diamond mining from a Kimberlite source. Thing is, diamond mining takes a considerable amount of time, and not all will wait the outcome.