Excellon Resources Inc. T.EXN

Short Attack

[DaytonGuy]

The selling of a small amount of shares at a low bid, after an uptick, is 100% shorts pushing the stock price down. I mean, who would sell shares at 7% less than current price. Am I wrong?

[silverforever]

DaytonGuy.  As I see it the problem is much more complicated and stems from the 30+ million shares traded in matter of days a month or so ago and the NYSE taking action due to "unusual trading activity" by initiating an investigation and regulating the trading of Excellon's stock. This left half of those shares, which were on the losing side, still being in the hand of traders

[DaytonGuy]

Silver: Thanks. Interesting hypothesis! I hadn't looked at it that way. I didn't know we are restricted, buy or sell. I still find the buying/selling patterns strange. I too would like to know what's going on.

[frankthetank007]

I find it funny that the NYSE gets the plan from EXN on how to increase the share price but us shareholders are left in the dark.  THe regulators seem to look after themselves first and forget that there job is to protect the shareholders.  Such a screwed up market that is corrupted because the SEC and stock exchanges only care about themselves when there suppose to care about the