mozz18...
Great post...and I agree fully.
I have said several times the best scenario for GDN right now would be a significant gap up...among others, for the very reasons you outline.
Further, the time delay...especially if they run it over to Tuesday...will allow the company to check their register (after t+3) to see who has been doing the selling!
If no big changes are registered, then it is likely borrowed stock, suggesting shorters in the market...not unlike recent activity in BGD, where they wers sold off from 44c all the way down to about 18c before rising back to 50 again. The company responded to a "please explain" by suggesting unusual movements, or lack thereof, on their share register. In other words, an organised shorting sting!
We saw one come unstuck in AUM, which eventually pushed the stock to $10 as the shorters had to re-claim stock...lets hoep we see a similar "gotcha" develop here, assuming of course that similar shorting activity has been going on.
Cheers!
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mozz18...Great post...and I agree fully.I have said several...
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