John Kaiser will give it another infantile mouthfroth session for sure (in love with your stock much, John?) but you have to admire the refresh sell call from Mike Hocking of Scotia today on Probe Mines (PRB.v), if only for the balls. He initiated coverage on PRB.v a few weeks ago with a Sell reco and a $1.30 target, when all around him are calling it a buy. Today he’s dropped that target to just 50c. Here’s a chart:
By the way, I’ve read his report today and it’s a good argument in my personal opinion. However, I have no position either side of PRB.v, purely sidelines watching and will stay that way.