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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?


To: Jim Bishop who wrote (29377)10/26/2002 10:40:23 AM
From: JEB  Read Replies (1) | Respond to of 34075
 
Considering the outstanding shares, this is pretty light volume. It has been walked down to .26 so far but stubbornly holding. If volume dries up and it walks down any more than .26 then the shorts are confirmed (within a reasonable amount of time after the volume dries up). On the other hand, for every seller there is a buyer. Buyers seem to like it at this level.

One other possibility is that the shorts who showed up here are to talk down the stock for someone trying to take a position that is less than a 5% holding and wants to take down or hold down the price long enough to complete his/her purchase.