OTCPK:WSRLF - Post by User
Post by
mikerosoft666on Dec 10, 2008 2:15pm
305 Views
Post# 15637964
Shorts covering...
Shorts covering...
I'm trying to figure out what you meant by that. If shorts were covering, SP would be be bounding upwards. Shorts showing interest and putting pressure on a stock will cause SP to drop when the rest of the market is up.
Shorts usually like to start shorting a stock when they smell trouble.
Obviously, if someone has a cell phone link with someone in the field, they might know something before we do so I have no idea what to think about this action.
Other juniors are also behaving poorly so I wouldn't necessarily read anything into this action at all...
JMHO and not investment advice...