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Silver Dragon Resources Inc SDRG

"Silver Dragon Resources Inc is a mining and metals company focused on the acquisition, exploration, development, and operation of silver mines in proven silver districts globally. It is a mineral exploration company engaged in six properties located in the Erbahuo Silver District in Northern China namely, the Dadi, Laopandao, Aobaotugounao, Shididonggou, Yuanlinzi and Zhuanxinhu properties."


GREY:SDRG - Post by User

Bullboard Posts
Comment by fcomon Jun 20, 2008 12:52pm
231 Views
Post# 15209696

RE: Some of you have asked about naked selling...

RE: Some of you have asked about naked selling...
Thank you for providing the Buyins.net link.

I was aware of that information source and their claim that SDRG has been off the Naked Short list for some time.

I'm not sure how reliable their information is.  Its real convenient to blame SDRG's price weakness on Naked Shorts but if the Buyins data is accurate than this explanation doesn't wash.

The next obvious question is then Who is selling SDRG shares at these prices?  Given the Buyins info, the finger would have to point to an existing share holder.  Or maybe the market maker?  Not sure how over the counter stocks work with respect to market makers.  It can't be an insider otherwise SEC filings would have to be filed. And there aren't any recent ones.

Know for a fact that there are significant buy orders out there ready to swallow up large sell orders without driving down the price.  Not sure where I am going with this - but if anyone has any insight - I'd greatly appreciate it.

Otherwise, I guess the mystery will remain. 

As far as me personally, I'm long and strong and there is no chance that I will sell my shares at these prices.
I'm patient and can wait for years ....




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