Maybe THIS is what happened RE the release of the 'Iceberg RI wouldn't be surprised if the big volume accompanying the unveiling of the 'Iceberg report'(which seemed to me so very, very, very similar to the various reports put out by that outfit overseas.....who was the ACTUAL author of the 'Iceberg report'?) was manufactured by various accounts involved in the Short position, selling back and forth to make it appear that lots of ordinary shareholders were selling their shares
........the 'Iceberg report' may have been written by that overseas outfit we are familiar with, but put the report under another banner, so that it would appear to be fresh and new, from another investment firm.....But the 'Iceberg' outfit is so mysterious, it may be just an entity comprised of one man.
.......the recent dramatic rise in the AMEX short position may mean that the Iceberg entity has actually shorted NFG. However, my bet is that given the relentless rise of gold, and the beginning of increases in junior gold stocks, and the potential significant fundamental news from NFG, may well have made the Short position think it is too dangerous to continue to be Short NFG....thus, the Iceberg report was a tactic to try to scare shareholders into selling.
......from what I've read on these comment boards, the principal of Iceberg as a Short strategy investor, has not been a resource oriented investor. Was he somehow influenced by the overseas outfit to Short NFG, which specialzes in Canadian resource stocks?.
.....we won't know for a few weeks what direction the Short interest has been going these past few days.....but, my guess is that the Short position was using the summer doldrums to increase the Short position, and to push NFG stock down this summer, during lack of news, also.
......it makes sense that the Short position has gotten scared for the reasons above and is covering.....all told between the two exchanges, the Short position over the summer increased from around 2 million shares to over 5 million shares.....how much were they able to cover, if that's what they are doing, during the last three days?.....how much of the volume on Thursday and Friday was 'wash trades' between the Short Players trying to make the volume APPEAR much greater from shareholders selling than was actually happening?
Yhe Short position is very aggressive in trying to manipulate NFG, as we see with the bashers here.
They may simply be quote confident in their ability to manipulate the generally low volume resource exploration stocks...though NFG is one of the kargest stocks of this nature.
However, the stars appear to be lining up for gold and silver and their related stocks, and the Short position must be aware of this....thus, they may have decided to COVER!.......I think it's a strong possibility that they are covering.
I have posted that the Short position may have been hired by some Big Gold company to keep NFG shares down. But, now I'm leaning more towards the notion that the overseas outfit we are well aware of may actually believe in their Short thesis against NFG, but may have decided their thesis may be not quite accurate, and NFG success and the HUGE macro success of the gold sector is making their Short position MUCH too risky.
The Short figures revealed in the weeks ahead will provide much insight into this Short position phrnomenon.....but, clearly, the Iceberg report was part of a strategy.....we have a good idea of who ACTUALLY wrote it.....and note the timing.... immediately AFTER the FED lowered rates and indicated which way they would be moving rates in the future....down.....Gold's rise looks relentless......that is a HUGE factor looming on Shorty's mind.