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Gold/Mining/Energy : Noble China (NMO) on TSE. Chinese Brewery Stock

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To: M. Merriam who wrote (45)1/10/1999 9:16:00 PM
From: Ciao  Read Replies (1) of 248
 
I can never understand why people would short certain stocks, especially this one. I'm sure there are some high flying "INTERNUT" stocks they can find (without being short squeezed). NMO has far more upside than downside in comparison to many other stocks which would be better short candidates. Why short a stock at about $2.50 or not cover your position at this price? The short shares need to be covered, a quick runup say to $3+ will panic the short sellers and actually help this stock. Did you notice the 20K shares bid at $2.25?
BTW, what is the short position?
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