RE: Stopped out at both endsWOW, Over 6,000,000 TRX shares traded today!!!
So either a major shareholder decided to get out like the Geier Fund or Platinum Partners perhaps (but Platinum just got in so that makes no sense) or the shorts just went totally totally crazy mad and decided to try and scare everyone out of their shares to cover at a nice profit! Total Madness in either case! I dont know which it is but once the September 30 short position is published in mid October we will get our answer. If it was the shorts that will put them well over 10,000,000 shares short by my simple numbers. If that is so, then the rhino in price that will happen when they need to cover will be an amazing sight to see!
TRX just sent out a press release which said 'no particular event' other then the technical markets caused this sell-off. Hard to tell from this which of the above it was referring to? But it was nothing on the ground.
My guess and its just that is the Short has gone all out to cause an absolute collapse of the share price before the next major accouncement from the company traps them into a loss for good. If so these guys really play for keeps 1
Not sure but man it makes for exciting times. I am staying long and waiting for the gold dividends so I can retire in five years!!