Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Yesterday I praised Strategic Minerals (SML) for the open and honest way it described a possible deal involving a bank Letter of Credit that was yet to be signed. I did not say the shares were cheap or expensive but I offered praise - HERE. I take it all back after a ramptastic release today which sees the shares, quite rightly, 10% down at 0.825p. Scumbags.
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