qe3 correction rally, page-11

OUCH... And to think the short sales were increasing while the share price was crawling up.

20mil is alot of shares to cover. Daily vol about 2.5m. ~25% is short sold and ~10% short positions accrued daily. Average shares offered daily for sale at most 1.5m vs for bids at most 1.75m at the prices 60 to 90c. IF between the price range of 90 to 120c the bid and for sale volumes reverse, then it would take 80 trading days to cover that short position, covering a short position over that period of time loses another 2-3% on borrowing fees. Anyway, someone royally screwed up thinking that he or she could sell the GRY stock into submission :D Anyway looking forward to $1.50 + soon