Marathon Gold Corp T.MOZ

Head and Shoulders TA suggests return to $0.60

[nozzpack]

The reason is that we are now seeing the onslaught of tax loss selling.

That's why the short position remains at such high levels ...a double short at $0,82..and final covering at $0.60.

Retail are sheep that gets fleeced all the time..

[stockwatcher7]

MOZ will trade at 61.46% of CXB  thats  it  , no TA unless this  deal is  toast.

[nozzpack]

There are upwards of 150 million shares well underwater from the 84 cent level. Most will just dump in disgust at this disgraceful offer. Watch this selling taking control of the momentum here while the shorts look gleefully forward to cover their millions of shorts yet again..

[theCurse]

So where is your short number? On any given day since last sep 2022, the same share was traded numerous times back and forth in an automated washer.  you cannot add up the daily volume below the current level and say that is the amount under water.  totally foolish to dump at this time - unless one things gold is going to finish well below where it is now.  i have posted the CXB

[stockwatcher7]

Untill this deal is closed MOZ and CXB  are linked at the  hip .6146 to1  So if MOZ was to drop to .60 it  implies  CXB going to .97 If this were to happen I think  MOZ trading at .60 would spawn an offer from someone  else as most of the  gold stock are a reaching new  highs... Such as ELD @ $18.00  which  would  be 1 for 30  MOZ

[theCurse]

I doubt it.  The retail is left from Sept 2022 is dedicated to this ongoing saga and probably not offsetting other current cap gains as it's not been the greatest of general markets the last couple of years.   sure you can use the loss going back or forward but.... And Blackrock sold out just prior to the takeover but that, in retrospect, seems to have nothing to do with tax