Canada Nickel Company Inc V.CNC

Who is selling?

[DrNo1962]

Almost everyone who bought CNC over the past year is underwater.  There has been millions in volume since financing was announced for any pros shorting or selling into financing participation.  So the question is, WHO IS SELLING?  Since financing was announced SHORTS increased from baasically 0 to 3 MILLION is just 1 month.  IMO languishing share price is the result of a disappointed market and weak financing - there is very little support, no extraordinary news anticipated, and shorts and manipulative traders are having a field day.  Just 10 cents from $2.50 and looks like it may go lower.

[Myspace]

It's just noise my man. If your watching our economy and our government, it's easy to see. Don't get caught without your tickets to retirement because you want to save .40c a share.

[EndZonefor7]

DrNo-it-all still doesn't get it's FT/Noble shares chipping us down on top of red markets. Nothing we can do but add a bit more. Yet he wants back in at 2.20 but doesn't think it's a mine while he loses his sh*t?? Pretty sad logic there, unless you're short of course.

[reddog11]

Yep, pretty insane. When a stock has no anticipation of positive news, a perceived mistep by management, and a three year time frame, many "traders" will consider this a waste of time and they believe they can sell these shares while nothing is happening and put the money to use elsewhere, then get out of the other trade and buy more coming back in due to profit and a contunue down

[EndZonefor7]

Well said reddog. We have 25 new funds who which just one or two could decide at anytime this is now too cheap and move us back up in a hearbeat above $3. Trying to time your trade perfect based on past performance after the pulllback has happened is an idiots game.