RE:Elephants in the room #2
The constant reference to Shorts running for the hills is getting old. I really think there is a total misconception of who these Shorts are on a day to day basis. More than likely they are not a devious group of traders that wait and lie for the perfect moment to take down PVG stock price. Actually I would guess the largest holder or daily traded variation of a PVG short position are through ETF's such as JDST(Direxion Daily Junior Gold Miners - Bear 3x). When traders or funds want to take a short position on the mining sector they simply purchase an ETF as described above and more than likely trades short the equivalent individual stocks that make up such fund. Don't get me wrong there are still a sizeable group of traders that specifically short a specific stock as opposed to a sector - gold mining sector. At this time, I wish I had a short position. Instead I'm getting my a$$ handed to me.