RE:RE:RE:RE:RE:Re:Psych !!! Wake Up!!! An interesting article by McMillan. I would agree with some of his proposed remedies, but this info is widely known in the business. It has little to do with our topic unless you can show me the evidence of a concerted short attack along with the spread of misleading info on OGC.
The evil short seller is often cited when a trade goes against someone.
More often than not, it is just the market continually valuing the stock and its environment in ever changing circumstances.
OGC had a lot of negatives this year, some they reported just recently. That is not good for the
stock price. You do not need short sellers to reduce market cap with negative news.
I happen to believe these are short term problems and like most commodity based stocks, if you are constructive on the price of what they are selling and you believe ( roughly) in their ability to get back on track operationally then you will make money here.
I will give you the facts about the short position of OGC, based on the bi monthly reports
8/31/2020 4,643,438 shorts - that is less than 1% of float.
Also the shorts actually decreased by 329,011 from two weeks prior.
I have to laugh when people talk about shorts. They do not talk about them when the share price went from under 1.50 in late March to almost 4$ in July.
It is the same in all stocks from the whiners. If OGC does not perform okay in 2021 or if Dipidio gets closed, or if Gold goes down significantly, I may lose money but it will have nothing to do
with shortsellers.
Here is the one fact you should always keep in mind, when you sell short your losses are theoretically unlimited, your gains are limited to the share price. In reality, in this case, your gain is very limited as another company will buy OGC if its share price goes down too much.
Shorts have to cover, I do not care if it is in 2 days or 10 days or 1 month. They will lose a lot of money if they bet wrong. That is why OGC is not a good candidate for a short campaign.
Again, my reference was to your post below, and basically stating OGC would only care about its short term share price if it was planning a share offerring as it needed money. It is very conservative and makes sure it has cash enough to handle its financing needs, even through rough patches.
If you have shares just relax and lets see what happens. I am betting we make some money
by New Years as long as Gold holds up.
RE:RE:Re:Psych !!! Wake Up!!!
Company is playing right into the hands of the shorts and the price action says it all