IKN

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Question: Tahoe (THO.to), brave or stupid?

Answer: Stupid.
Holders of THO.to are about to find out what “short interest” really means. Here’s the NR, here’s how it starts:

VANCOUVER, BRITISH COLUMBIA–(Marketwire – May 4, 2012) – Tahoe Resources Inc. (THO.TO – News) is pleased to announce that its common shares have been authorized for listing on the New York Stock Exchange (NYSE) under the trading symbol “TAHO”. The Company will retain its listing on the Toronto Stock Exchange (TSX) in Canada under the trading symbol “THO”.
Tahoe shares will begin trading on Tuesday, May 8, 2012 when senior management from Tahoe will visit the NYSE to ring the opening bell.
Tahoe’s strategy is to develop the Escobal project into a continues here

There may be a fliptrade there (kinda buy it now, sell it around 45 minutes into Tuesday’s trading) but once you’re done don’t go back, cos the NYC hedgies are gonna lap up the idea of a decently sized fund counterweight to a long SLV position that’s 100% exposed to Guatemala. It’ll all end in tears, y’know…

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