Position Trading in Canada Message Board

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Gold/Mining/Energy : Position Trading in Canada

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To: Kevin Hamlin who wrote (748)	2/15/1999 7:22:00 PM
From: keith massey	Read Replies (2) of 2259

Kevin A short? Wow, if someone shorts 1/2 million shares the day the price already drops 50%...well...geeze...bigggggg cajones I would guess. Devil's advocate is fine and good as a place to bounce ideas around, but on this one, I just don't see it. Although all those share are unlikely to be shorts you can be guarenteed that lots of people jumped on the short banwagon between $12-9 the day the news came out. I'll post the short report for the stock when it comes out. Sure the shorts may have not seen this news coming but when earnings are this far below expectations it is a short-term shorts dream. Anyone with big enough cajones to short on the first day at this level is already up 25-50% on their short. However I still think a bounce is coming soon. I just don't know from what level. Best Regards KEITH

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