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Gold/Mining/Energy : Noble China (NMO) on TSE. Chinese Brewery Stock -- Ignore unavailable to you. Want to Upgrade?

To: M. Merriam who wrote (45)1/10/1999 9:16:00 PM
From: Ciao  Read Replies (1) | Respond to of 248
 
I can never understand why people would short certain stocks, especially this one. I'm sure there are some high flying "INTERNUT" stocks they can find (without being short squeezed). NMO has far more upside than downside in comparison to many other stocks which would be better short candidates. Why short a stock at about $2.50 or not cover your position at this price? The short shares need to be covered, a quick runup say to $3+ will panic the short sellers and actually help this stock. Did you notice the 20K shares bid at $2.25?
BTW, what is the short position?



To: M. Merriam who wrote (45)1/11/1999 3:48:00 PM
From: Mario Gallant  Read Replies (1) | Respond to of 248
 
Yeah Mike I think there's almost 10 % of their outstanding shares short right now. Approx 800,000 if I remember correctly but I don't really see that as a negative because sooner or later the shorts are going to cover their position.

Mario.


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