"Looks like someone with deep pockets is really trying to keep...

"Looks like someone with deep pockets is really trying to keep this down"

I'm not in the unhappy position of being able to sell HGO short. I am however interested in tracking what someone who is in a position to do so is achieving and to learn whether they were winners or losers when its over and the fat lady sings her happy or sad song to them.

They were in a paper profit of circa $105k based on the VWAP on 7/08. Sounds good but it only needs a jump of 1.67c to wipe that paper profit off the page and the smile off their faces.

They will bail quickly when the sell lines start getting wiped .

NB

Commentry for those who enjoy other peoples suffering.

17/06 They bailed out with a realised profit of $11k
19/06 they tried to bail again but had to short more to keep there $11k
25/06 they tried to bail again which stalled on the 28/06 and they had to build up the shorts again selling short to 43% of the buyers on the 1/07 and 37% on the 2/07
3/07 they tried to bail again but the "22% increase in production announcement" caught them "short" Y
4/07 they had to sell short to 31% of the buyers to unsuccessful try to stop a rotten outcome.
8/07 found them deep in the shorts to the tune of 3.9m shares having sold short to 18 % of the buyers to hold on to a small paper profit of $4k
9/07 and 10/07 were two more disaster days which saw them in the hole for 4.8m shares and a paper profit of $12k
12/07 they tried to bail again selling only 200k shares and reducing their paper profit to $453.
15/07 they sold short and still ended the day with a paper loss of $2.6k
16/07 to 25/07 they increased their short position to 7.6m while selling short to12% of the buyers which saw the share price drop 1c and put them on a paper profit of $60k but in a very high risk position.
26/07 they bought 43% of the shares sold when the market melted but still ended the day 7m shares short.
and the sorry saga of trying to exit continued.



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