TSXV:AUN.H - Post by User
Comment by
Banman17on Jan 15, 2008 10:41pm
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Post# 14209314
Don''t sell and allow Hedge funds to cover!!
Don''t sell and allow Hedge funds to cover!!Fellow investors in Aun,
Right now the hedge funds are trying to press the good gold and silver shares down with the rest of the financial markets to panic the weak hands to allow them to cover any shorts. If they don't have the volume to cover, they will panic and have to buy at higher prices, causing more panic buying, sending the share price up higher. I don't believe all the stats on shorted shares mainly because there are naked shorts out there, that are not being forced to cover by the SEC. The SEC is a joke. Instead, keep a Good Till Cancel (GTC) sell order above the market price to keep the shares in your account, since any entity borrowing your shares to short the company, must return them if you have a sell order in the system. Make sure it's a good till cancel order to keep the order in the system, since a day order will expire daily and not have the desired effect. Still better, you may want to take delivery of your certificates as the banking insitiutions in the US are illiquid and need cash infusions from entities overseas to stay afloat. They're plugging the dykes but more leaks keep on springing up. Protect yourself now before it's too late. For more on how to do so, see www.jsmineset.com for how to handle these turbulent times.