OTCQX:BGMZF - Post by User
Comment by
dkolish01on Jul 23, 2013 12:03pm
88 Views
Post# 21624623
RE:RE:108,000 shares bought this morning ....
RE:RE:108,000 shares bought this morning ....With gold recovering nicely and heading toward the 1350 and more. It is increasing likely that BGM will open higher than 1.28 . There were 2,138,515 million shorts to be cover and this seems one of the best time to buy and close the short position up. I believe the number of short position should be close to 1.75 million by the end of the month and those with short position will be liquidating there position faster as the price of gold rises. For shorter this is the best time to buy shares and make money and then wait on the side lines. Basher with short position need to exit now as the POG is beginning to offset any issue with BGM.
Most gold stock have recover nearly 25% of there loses and some more. The POG is about to eliminate the shorter and basher impact on the stock.
|
Short Summary |
|
Short Volume |
As Of |
|
2,138,515 |
15/Jul/2013 |
|
2,214,215 |
30/Jun/2013 |
|
2,070,715 |
15/Jun/2013 |