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Bullboard - Stock Discussion Forum Prodigy Gold Inc KXLAF

GREY:KXLAF - Post Discussion

Prodigy Gold Inc > steady selling
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Post by Nomad3 on Mar 13, 2012 12:47pm

steady selling

Anonymous selling into the bid for the last couple weeks
Comment by dugbenny on Mar 13, 2012 12:52pm
Yes I wonder who that is and why?
Comment by red911 on Mar 14, 2012 8:12am
"Yes I wonder who that is and why?" That's what 13M flow-through shares issued at 95 cents will do to your share price in this market.  Necessary evil it seems these days.  The good news is a couple of groups seem to be scooping up most of these shares.  The churn will likely continue for a little while yet but it will end eventually.  PDG is firming up quite the ...more  
Comment by M139 on Mar 15, 2012 5:41am
Yep Anonymous and Jitney creating volatility across the board, nothing new there, what is interesting is recent developments along with a solid PP at .80 and investors are still shorting this thing tot he tune of 543,000 shares last Feb29 report will see in a few days if they got covered or simply shorted more. Bizarre investment strategies going on these days, seems the trading has actually ...more  
Comment by red911 on Mar 15, 2012 12:48pm
"what is interesting is recent developments along with a solid PP at .80 and investors are still shorting this thing tot he tune of 543,000 shares last Feb29 report will see in a few days if they got covered or simply shorted more." M... Great points.  Re: Short history... I noticed that as well.  My guess is these 'shorts' were primarily private placement participants  ...more  
Comment by Nomad3 on Mar 16, 2012 11:08am
I thought they would not be able to sell the flow shares until dec 31 2012?
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