RE:RE:RE:RE:Coordinated Short Attack Exactly, people don't short strong companies. The writing is on the wall with the share consolidation, this is a company operating in a state of weakness and failure on the part of management. JMO
OVERWATCH wrote: I think Irwin has already taken profits on a percentage of his NXE investment for his fund - sounds prudent to me.
On another note FCU can fail based on its own qualities regardless of whatever connections you want to make with any other company.
FCU appears to have a number of challenges at the moment possibly this is why people are specifically shorting FCU.
Shorting a stock is no more convoluted than going long on a stock. It's just a trade,
Lastly, where is your proof that there is a "coordinated short attack"? Can you show evidence as to how this "attack" is being executed?
Greenday wrote: @ LL - You're probably correct on both presumptions.
Read the posts on Warren Irwin's Twitter account and it's obvious that Irwin and Rhandawa have a sour personal relationship. Rhandawa has made off colour unprofessional Twitter posts but Irwin is no better. In one post Irwin asks about the marital status of the PM and the PM's wife. I mean........good grief. LOL
From the financial side, Irwin and Rosseau Asset Management would be sitting on a big loss on the gains they made on NXE if it was unhedged while uranium stocks declined. So if Irwin wanted to hold his NXE position and wait for the market to improve, no better way to hedge NXE than - as you mention - short FCU. Perhaps even thrash talk FCU and overweight the short.