Joatman, there would have been no short positions open in OEX. I often try to short many stocks and you haven't been able to short any stocks with this sort of market cap since Tricom, Lift etc went belly up. As for naked short selling, any shares sold and not owned HAVE to be bought back to settle the trade within three days. If the trades don't settle you can just pay the daily fine but the broker would soon get sick of you doing that. OEX closed 72cents in London on Friday night and the market went up as well as the oil price so naturally it is up a bit. A buy order was left open on the weekend and that attracted a stale seller on the open. Don't worry too much about the daily trading in this stock, the fundamentals will become clear when they are producing in three countries within 6 months. Until then accumulate what you can.
OEX Price at posting:
72.5¢ Sentiment: Buy Disclosure: Held
