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Tuesday, March 9, 2010

NovaGold's gift to the longs

They sold 18,181,818 shares at $5.5 to raise $99,999,999.

The big investors?

Paulson & Co. and George Soros.

The big losers?

The 10 1/2 million shares that were shorted by the bears!

1 comment :

Anonymous said...

is it worth buying now at $7?