Typically shorts have a short term perspective, because they feel the stock is currently overpriced - technically or otherwise, but only in the very short term. However, AGPH has been charcterized by a very large number ( 5- 7 million shares out of approx. 15,000,000 shares outstanding) of very longterm ( over six months ) shorts. According to savy street experts, this suggests that these shorts were in the know about fundamental negatives not available to the individual small ( retail may be more appropriate) investor. In an earlier post, I pointed out that AGPH showed disproportionate accelerated price increases for several weeks prior to two crucial and positive press releases in 1997, followed by very sharp ( seemingly unjustifiable and unwarranted) drops upon formal release of the news. To a degree this is typical, but again, the volume and activity suggests, accumulation by people in the know ahead of others , often for several weeks in advance of the small investor, who came in purchased AGPH on actual news only to lose money each time, despite seemingly contrary fundamentals. In other words, profits were clearly at the expense of investors whose only access to information is AGPH Investor Relations and press releases. I think this maater is worth serious investigation by NASDAQ and the security monitoring watchdogs. IMHO.
Good luck to all. |
