Short position as of May 15 Considering the amount of shares that have traded over the last few months the shorts have not run for the hills nor have they increased they increased their positions. If any thing they are a tough crowd to scare. For me I will concentrate on technicals and fundamentals. We've had a pullback but the 50 day moving average is starting to catch up to the current sp. The price of oil continues to stay around the $100.00 mark.
I still see a long grind ahead of us until management issues a good beat on the next quarters estimates. Also need to see their recent acquistion finalized before another run to new highs is seen. Hope I'm wrong on that last comment.
Issue Name Symbol As of May15As of April 30 Net Change
LEGACY OIL + GAS INC. LEG 28,830,066 29,176,700 -346,634