OTCPK:MEAOD - Post by User
Comment by
JRaffleson Aug 27, 2010 10:19am
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Post# 17389252
RE: Raffles...
RE: Raffles...
Q - the shorting and covering reported by the TSX chart took place when the shares fell from 0.66 to 0.48 (May to August). The recent fall from 0.48 to about 0.41 may have been acelerated by shorts, but the short numbers are not available on the charts at hand to me.
With regard to the quantum of shorting, the key factor is timing and hitting a down market. This could be akin to stampeding a herd of cattle with a minor distubance and then, after they have settled, trigger another stampede. At the end of the day, the effect could be a significant move with little effort..
A similar situation arises with the bullion market. After London's close and NY open, then history shows that the "not for profit agents of the Fed" kick the price down and an interesting multi year summary shows that there appears to be a "not for profit" body acting to prevent gold & silve rprice rises in COMEX hours.
Raffles
PS - no emails from ranchers please.