traders back from lunch 2pm its game on!, page-21

mmmmgus

Sabre Fund is a hedge fund (Mathews Capital) are very good operators. They short and long.

Check their entry in MTE they were accumulating most of 2010. Second half of 2010 the SP was pegged at 0.29-0.33 zone. I bought a very large position during that time.

Check the move in SP from April 2011 to July 2011 top.

Ok what is the connection you ask????

BOA was the broker, and guess what they were shorting the you know what out of MTE for most of 2010. Yet their position holding increased over that period.

So back to PLA, BOA and Mathews Capital are in cohoots yet again, different stock same game play..BOA and Mathews Capital are joined at the hip. Both have done very well from each others involvement.

Now I will be called a downramper, but the 5 day return based on the operation update doesn't cut it with me(imo!)

I made more money from PLA when it was an explorer than when it was a producer. I know this stock well, I know its issues well, and I have communicated with JL enough times to get an understanding of their issues.

Either PLA is in takeover mode or than will suffer the same SP impact that MTE has since it topped out in July 2011.

It looks like the stale bulls got suckered into selling when PLA broke 10 cents.