GREY:MPRXF - Post by User
Comment by
hrattleon Aug 22, 2012 9:43am
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Post# 20245569
RE: Mega's short position dropped significantly
RE: Mega's short position dropped significantly So from a volume of 1.2m shares traded in the two week period the vast majority (80+%) was short covering at a price around 25 cents.
A few things I would take from that (1) where will buying interest come from now (2) 25 cents will be strong resistence until at least the next PP and (3) will there be a new short attack once the PP is announced.
The shorts did really well here (although 8 months ago it looked like they were screwed) - why they would attack a junior like MGP is very curious.