GREY:MPRXF - Post by User
Comment by
hrattleon Apr 05, 2012 7:01pm
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Post# 19765643
RE: MGP Short Position Mar 3st
RE: MGP Short Position Mar 3st So 3.5m shorts covered in March. Now how does that work with Jim Rogers claim of needing a PP to prevent attacks? I think shareholders would prefer the stock to be attacked then see 40% of their money disappear AND be diluted.
On the other hand short covering didn't help the shareprice - indeed if there had been no shorts the collapse could have been much worse. And shorts seem to have missed the best opportunity to cover.
Jim better have something up his sleeve as short buying runs out what else will prop up the shareprice?
Stil no up signal - best to stay out of this one, but maybe soon.