Short position as of June 30Interesting to see a reduction in the short position compared to the increase from the last report. I'd say last report was a head fake or a fat finger mistake on some shorter's part. Still the trend to reduce short positions appears to be grinding lower as our stock price tries to grind higher.
Looking at the chart, we are approaching the 50 day moving average after a period of consolidation and I would agree we will move past the 10.00 mark to new highs, it's just a matter of when. I'm still holding on till than but if another rise in the price of oil above the 107 mark happens I may add to my position. As further consolidation will happen and than Leg will get taken out by a much bigger fish. Just my opinion. Cheers.
Issue Name Symbol As of June 30 As of June 15 Net Change
LEGACY OIL + GAS INC. LEG 27,904,478 28,989,039 -1,084,561