Loading ...I understand the basic premise of why someone would execute that trade ( mainly to hedge against counter party risk), but I don’t understand the timing of why he would do this.
With the rise of the metals the last quarter, the upcoming earnings cycle SHOULD be awesome for those well managed companies ( I know we’ve said that before, but in the past there seemed to be other factors affecting earnings, i.e high fuel costs etc.).
I guess we’ll see soon enough.