NYX GAMING GROUP LTD 11 PCT DEBS V.NYX.DB

RE:RE:RE:RE:RE:RE:POFS #33

[uograd]

This is a puny little penny stock.  If you think there is a large scale algorithim trading going on against it you are dumber than a donut.

There is a tiny short position here and what there is has mostly been covered and has not thing one to do with the recent decline in share price.

simply put there are multiple longs who own this stock who are fedup and are cashing out at least part of their positions to move on to hotter segments.  Not exactly a new idea.

The bullish part here is the insider buying which probably means there is good news coming down the pyke when the earnings come out in the next couple of weeks.  Right now they are likely in a quiet period so there will be no more movement by insiders until after the next batch of news comes out.