SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Crimson Ghost who wrote (47601)7/8/1999 7:19:00 PM
From: Think4Yourself  Read Replies (1) of 95453
 
George, I'm not sure but I suspect he is aware of that. I looked into it awhile back and seem to recall that the shorting occurred in December at around $13 a share, much closer to the 52 week low than the 52 week high. I suspect D. Floyd Russel is implying that the positions weren't covered at 10, and now are being ridden into a market that is trending up for FGI. I find this very odd as well. Why would anyone want to hold such a large short position when the industry appears to have clearly troughed and is on the rebound, especially with such a clearly well run company? In retrospect, FGI was probably THE worst company in the industry to short then. I have also thoroughly reviewed their annual report, after which I bought more shares.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News