Pat's PosteriorHaving had his butt kicked pretty good yesterday, just the way we anticipated, our friend still feels obligated to let us in on the fact that he is short again. For what reason, I cannot imagine.
My instincts tell me that to own a stock that goes up in a terrible day in the gold market on $14 million woth of trading is a pretty positive development. I suspect that many have forgotten about the main lode in the past few months and have instead found all the other drill intercepts outside the main lode merely good, but not great. So they sold.
What would really put this stock into orbit is a brand new discovery on the property. With 7 drills turning, you know it is just a matter of time. And when that happens our friend's posterior will be sore indeed.