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ASA Gold and Precious Metals Ltd C.ASA


Primary Symbol: ASA

ASA Gold and Precious Metals Limited is a non-diversified, closed-end investment company. The Company's investment objective is long-term capital appreciation primarily through investing in companies engaged in the exploration for, development of projects or mining of precious metals and minerals. The Company invests approximately 80% of its total assets in common shares or securities convertible into common shares of companies engaged, directly or indirectly, in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals; held as bullion or other direct forms of gold, silver, platinum or other precious minerals; in instruments representing interests in gold, silver, platinum or other precious minerals, and/or in securities of investment companies, including exchange traded funds, or other securities. The Company’s investment adviser is Merk Investments LLC.


NYSE:ASA - Post by User

Comment by KelownaClownon Mar 02, 2021 3:43pm
142 Views
Post# 32697430

RE:Short squeeze

RE:Short squeeze
Novyj wrote: Yes everyday sellers place sell orders which they remove as soon as possible if someone else places a sell order. It is possible to play the same game by placing false buy orders in large volume even if it means withdrawing it before it is executed.


Sure, but little folk like us have to have sufficient cash in the account to cover the order, and even if you do have enough cash in the account, you better be watching like a hawk otherwise you'll wind up buying something you didn't really want or cant afford. Most of us have full-time jobs and cant be staring at a real-time market data terminal, even if we have access to one, whcih most people dont.

Institutional shorts have all of the tools, because it's their full-time job. They have credit established, they hedge their bets.. for them it's a completely different story. You can't fight them playing the same game, instead you need to ride on their cost-tails. At least that's my opinion.

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