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Bullboard - Stock Discussion Forum Sun Metals Corp. V.SUNM

Sun Metals Corp is an exploration stage company with its principal focus on the exploration of the Stardust Project located in British Columbia, Canada. The company operates in one operating segment namely mineral exploration in Canada.

TSXV:SUNM - Post Discussion

Sun Metals Corp. > Buy opportunity!
View:
Post by Goldnboy1 on Nov 06, 2018 2:33am

Buy opportunity!

Tomorrow! Odds are the seller at days end has two positions. One long. One short. Long was probably green. Short was probably not. Probably saw an opportunity to sell long shares at a profit. While providing a lower price tomorrow for he or she to try and cover their short position with and hopefully exit broken even. Shorts shot up on the discovery. But that’s ok, they will help us squeeze up to the next level!!!

If I was short here. I would sure be looking for every way I could cover and ASAP!!

Either that.... or the market maker was just handing out pure charity today ahead of massive news later this week???
Comment by Goaweigh on Nov 06, 2018 9:29am
I thought I learned in grade 5 or was it 4 maybe that positive numbers and negative numbers cancel each out so I've never understood when guys suggest you can be long and short at the same time and make money on both sides of the trade. But anyway, maybe the seller was just getting sick of waiting and said screw it , I'm leavin. Unfortunately you need the patience of Job to play this ...more