RE: BRENT COOK I am sorry, H, if you are unhappy about my posts, but I can point out junk stocks that are worth more than CTG is at 18 cents, and I think it is relevant to try to understand why a company peopled by intelligent and capable management with a soon-to-be-producing mine is trading at 18 cents, having lost 60% of its value in weeks for reasons that I cannot fathom, save Mr. Cooks words to his disciples.
I am a recent shareholder in CTG and am benefiting well from the pain of others. I have held GEL for a while, and both of these stocks were rammed through the roof when Mr. Cook wrote about them, a short-lived move that makes idiot shareholders happy for a few seconds, but these types of swings are the hallmark of bipolar disease, not a healthy market.
If I had been a shareholder of CTG when it was trading above 40 cents just a few weeks ago, dipping down predictably at year-end and recovering nicely, I would be very interested in why my investment in a company that will be in production next year has a market cap of less than the cash I carry around when I go Christmas shopping.
One task that I irregularly perform as the day dawns on a Saturday or Sunday morning is to check the short positions of all stocks that I own...and CTG has almost one million shares S.H.O.R.T!!!
If I had been a recent shareholder at 40 cents, or a longer-term shareholder at 80 cents or $1.00, I would want to understand why.
Who in their right mind shorts a company that is trading at pennies, has millions of dollars in the bank, and will be in production next year?
Not unsophisticated, small, or individual players.
| Security | Company Name | Listing Market | Short Sale Trades | % Total Trades | Short Traded Volume | % Total Traded Volume | Short Traded Value | % Total Traded Value |
| CTG | Global Minerals Ltd. | TSXV | 70 | 6.506 | 933,000 | 16.893 | 207140 | 15.826 |
Read it and weep at https://iiroc.ca/news/pages/short-sale.aspx
Both GEL and CTG are substantial companies with real projects and intelligent management, and both companies are moving in a positive direction.
Neither deserved to be jacked up to all-time-highs or crashed to all-time lows.
These wild market swings benefit few people, but the benefits they receive are measured in either the hundreds of thousands of dollars or millions of dollars. depending on where their positions were taken and on the size of their positions.
Who would short a penny stock with a project as real as CTG's for almost 1,000,000 shares at recent levels?
This is not an insubstantial or frivolous question to ask, and trying to understand why is a reasonable task to undertake.
I have shorted many stocks, and it always takes nerve, but I would not have thought of shorting CTG even after too-many beer and the fleeting feelings of invincibility that sometimes follow.
Some people were buried alive when CTG rocketed past 75 cents to $1.26, and maybe these same people are being sent to stock-market purgatory, whacking out their now-worthless shares at 18 cents, while luckier people are flying around in a private jet or heli-skiing in Switzerland.
I am not accusing Mr. Cook of anything at all.
I am just pointing out what is public information: That CTG and GEL rocketed to all-time-highs when the former was recommended at 76 cents and the latter at 37 cents.
And both plummeted to their all-time lows after "selling" comments.
And some people (not person) better able to divine the future of CTG shorted the stock in a situation that normally would have looked too dangerous to even contemplate given its low price, solid management, and substantial project.
CTG is down 85% from its all-time high, and it is possible that the buyers at historic highs are the same people who are sellers at 18 cents.
This is not some wild guess by someone who has to be able to be prescient.
I divined it myself because all I needed was the ability to read !
I'm just trying to understand what is happening to both CTG and GEL and why.
If I had answers, I wouldn't post questions.
Just because I don't know, that doesn't mean that no one knows.
This is not an ignoble thing to to do, and these are not stupid questions to ask.
Sam