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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM -- Ignore unavailable to you. Want to Upgrade?

To: Richard Mazzarella who wrote (11021)11/17/2006 11:37:00 AM
From: R F B, Jr.  Read Replies (1) | Respond to of 11603
 
if one were to have shorted this stock....this would be as good a place as any to cover....doesn't necessarily mean the short believes the stock will go up....rather...since it can not drop much further...why not cover and free up some cash to move on to another mark....



To: Richard Mazzarella who wrote (11021)11/17/2006 11:40:24 AM
From: paunch13  Respond to of 11603
 
Richard,
Thanks. My nephew said he believes there are at least 5 million shares of Mxam that have been shorted and if that is true at the rate they are buying Mxam it will take them another 3 month at 50,000 per day to fill the shorts,

John


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