A third reason for shortsfirst reason....leaked info re: missed earnings
Second reason....naked shorts trying to shake out retail investors.
third reason...long story...bear with me.
Aprox a year ago I had a large oil position.1/2 in Suncor 1/2 in Petrocanada. PCA always traded at a premium over SU. I liked both so I held both.Oil was @ 37$ when I bought but I knew buy May oil would be 50+$ only idiots thought it would stay below for ever. Anyway all of a sudden petro-canada, for the first time ever became cheaper than Suncor....some manipulating Pick with an R was shorting her down. WHY? I wondered. Nothing wrong with this outfit.
Either Su was high or PCA was cheap I got nervous...I got mad...
I made a call based on the valuations and I sold my SU and bought all PCA. Either I was gonna be ALL wrong or ALL right. 5 days later I sold all my PCA(AVE 29$) for 41.50 and I was ALL RIGHT!!!!!
Rick George and his buddies were shorting PCA to keep the moving ave low so there "deal" would look like a deal. They Fcked the PCA holders with a capital U and got away with it.
A while back GAM board put in a shareholders rights plan...why Nov 8th Q3 report??? why does GAM want to be the last Gold Producer in the world to report?? Why is some Pick with an R shorting this down for the last 3 weeks??
I'm selling my SU shares on Monday (I should of shot that dog 2 weeks ago anyway). and I'm rolling it into GAM on the next short down. I'll either be all wrong or ALL Right! I think an offer is in the mix and I'm gonna hold til Q4 report or longer.
GLTA