SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Sungold Gaming International (SGGNF) -- Ignore unavailable to you. Want to Upgrade?


To: Gus Cusimano who wrote (2075)5/1/1998 11:36:00 PM
From: c.r. earle  Read Replies (1) | Respond to of 5164
 
This is directed at no one in particular but I just thought I would comment on the latest number of posts regarding the apparent motive of one of the negative posters.

Specifically on the motive of driving the price lower to allow a covering of a short position. What I find challenging to envision is that if this individual is indeed short, the odds are greater that they shorted the stock before the prolonged halt and subsequent delisting. Thus they would have had ample opportunity to cover their short position since the resumption of trading. The only hindrance I would see is that at the lower prices the volumes have been rather limited. But they would have been able to cover considerable shares at only slightly higher prices.

Of course all the above speculation is dependent on approx. where someone would have shorted the majority of shares.

Anyway simply musing aloud. I certainly hope that positive news is very near.

Regards