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Strategies & Market Trends : Beat The Street With SI Traders

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To: Boolish who wrote (84958)	7/4/2011 10:37:28 PM
From: Rocket Red	Read Replies (1) of 233807

Sino-Forest Corp. (TRE), the Chinese tree- plantation operator accused by a short seller of overstating timber holdings, soared the most almost two weeks after Wellington Management Co. said it owned an 11.5 percent stake. Sino-Forest rose 30 percent yesterday in Toronto after the Boston-based investment firm said in a regulatory filing it held 28.3 million shares as of June 30. The stake was valued at C$90.7 million ($94.5 million) on that date. Wellington, which manages $663 billion, held 79,700 Sino-Forest shares, or 0.03 percent, as of Dec. 31, according to data compiled by Bloomberg. “Maybe they know something the bears don’t,” Arthur Salzer, Toronto-based chief executive officer of Northland Wealth Management, which oversees C$200 million, said in a telephone interview.

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