Post by
7Twiggy on Dec 11, 2020 9:45am
Hoping for a short squeexe
Still in the toilet this morning. Down almost 50% from 52 week high. Doesn't make any sense with the gold prices we are seeing today. Hoping the sales today are mainly tax loss. Those insider sales mid year didn't help gain any trust. Shorts still all over the stock with over 2 million shares shorted and 238,000 the last report. Management should either initiate the dividend or stop talking about it. They have had enough time to deal with it. When the tax loss selling is over I am hoping for a short squeeze.
Comment by
7Twiggy on Dec 11, 2020 10:01am
Sorry grabbed the wrong side of the short report. Those numbers were for the July 21 report when the prices were a lot higher. Looks like most have already covered with 137,619 short on Dec 4.
Comment by
medvic1 on Dec 11, 2020 2:57pm
tax loss selling? no, it's the dollar that found short term bottom. Stock market and gold will be under presure till dollar turn back down. It should be over next week. Accumulate when it cheap.