Re: trades since 3 PM today, big late day action
in response to
by
posted on
Jun 18, 2011 06:31AM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
As I understand it, ECU will be part of the index starting on Monday AM
Funds who own the index have been buying ECU, to adjust those index positions, and had until close of extended trading yesterday to do so. They were no doubt also selling the companies dropped from the index in extended trading also, as they strove to get the best prices for their buy and sell orders. In the end, they had to take x number of shares, at whatever price was available. I think we will, therefore see a drop in price, back to 80s, or low 90s on Monday AM.
I do not believe that this had anything to do with insider information...this time anyway.
N