another very sensible post i found. see higlights
| #92254 - Re: Where is the fund buying?? |
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So some players want in and they have only one way to get in reasonably cheap. Short it so retail gives them up. It's a tried and true method that has worked for decades. While retail is calculating their break even points every night cause the wife and family is hounding them because the share price is down, big money is planning how to hit you're stops while you're on your way to work in the morning. That's why the have the smart money index. Hammer retail while they're still sleeping or can't do anything from work quickly enough to react.
They do these things because they missed the boat and Zen is already cashed up for the spec stage, or they doing dd and weren't speculators at 18 cents, or were waiting until it hit 2.00 before they were authorized to buy etc etc etc. whatever reason it is, eventually some big players want to make big money.
the fact is there isn't a huge float to go around. One market buy or sell of 100k puts the stock up 20%. What if they wanted 5m shares as a target in their portfolio? You think they're gonna risk 20 to 30 milliom taking zen to ten while they're still in the spec stage? These guys aren't speculators or risk takers. Not a chance. Especially since zen didn't take the grease from the brokers. Sometimes the high road is the only road
That being said, what to do? Well, we could write letters and stomp our feet but really, there is no option unless you have serious cash in order to foil the short. So hold your shares and leave out the stops so they can't steal them is probably the only thing you can do if you're "a believer"
Which brings us to the next question. Eventually zen will need some serious cash and unless TCCERS want to do the 200M financing eventually necessary to mine this stuff then you're at the mercy of those who do have the 200m. And believe me they have no issues turning your 100k into 50k shorting it today in the hopes of turning their 200m into a billion a year from now.
It's their game and rules. I'm just a plug on a beer league team.
Just my 2 cents.
Best of luck to all.