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Microcap & Penny Stocks : Viking Resources (VIKG) -- Ignore unavailable to you. Want to Upgrade?


To: Barkley who wrote (559)6/11/1998 4:57:00 PM
From: Jim Kuenning  Respond to of 738
 
Looks and sounds like someone/body is quitely trying to cover a short position on the stock. Back in May, about 2 million appeared to change hands. That's alot of stock for 4 million outstanding. Anybody know the short position on the stock? I suspect there is a large short position out there that needs to be covered. Do you know who the market makers are in the stock? At these volumes over the last few days, someone is definitely picking up stock. With no price rise, it must be the MMs moving the price down taking it in, hence, I think some of the MMs have shorted the stock and are covering.

Just my opinion. Don't understand the connection to Utah though...