Read this in Bill Cara's blog this AM:

"It is the last day of the quarter, a time for money manager window dressing so I expect a number of stocks that have been beaten down already this quarter to have a rough day as managers kick them out of their portfolios because it "looks bad" for them to hold these underperforming stocks. We shall see if that happens today, but I have seen it many times before."

May explain some of the selling pressure on SGR as it is down over a buck or about 33% since the end of last quarter. Maybe easier to kick it out than to explain why it's there to the client.

Also from Bill Cara's blog this AM:

"I truly believe that we are witnessing the beginning of the "trade of the year", which will be to be long miners, either here or at lower levels, but following the bottom we will see a rally that everyone will wish they were participating in. I plan on being on board that rally."