RE:I'm In...Shorts are Going to Have to Cover Soon Enough...Digger0144 wrote: There is a significant short position on First Majestic...I say so what.
I have followed the company for years and feel now is a great opportunity to begin buying and take advantage of the situation.
In my opinion there is no reason why the stock should not move higher as the silver & gold prices begin to push higher and the company will position itself to prosper alongside the move.
Yes, there has been challenges...but..I have every confidence in the management team and the issues will be corrected and improved accordingly.
The short position is significant and when "they" have to cover the share price will make a major move to the upside.
"They" have it wrong.
All the Best!
Digger0144
Good Management, hmmm you must be new to the game....enough said
Shorts can also cover on hrad down days as they exit their shorts as sellers come to their bids vs what you think will happen paying the offers and sending the share price higher.
Silver higher, WHY? as ALL the reasons I can think of why Silver should trade higher have been in place for years yet in the last 11 years on its Weekly chart Silver hasn't Closed above $30.00 = REALITY