GREY:SFMGF - Post by User
Post by
BlueBullzeron Jun 15, 2012 9:45am
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Post# 20017215
Shorted or Shorted?
Shorted or Shorted? I highly doubt someone was desperate for 125$ when they sold 5k shares near close yesterday at .02. I'm fairly sure it was a short. At first I was upset because I thought it might be a day trader trying to catch some people's stop losses, but based on the stock's recent history I think most are in for the long haul. So I started to think what if it was a risky play to try and get the stock some attention or to create a pop. If someone buys at market they're gonna catch 55k shares at .025 and then some at .03 which will draw attention to the stock because of a full .01 gain. Personally I would prefer the stock progress naturally, but who knows maybe their strategy could work if that really was the situation. I know there could have been a million scenarios, but it peaked my curiosity. Just food for thought.