A few quick points
1. I have never said that this guy isn't or wasn't potentially short. Not at all. I have said that I don't buy for a minute that he tried to get that negative article posted only in order to cover. Not on a stock with this performance in the last 12 months. No matter if somebody disagrees with me on this, I will stay with my opinion. He might just wanted to force the company to come clean on the collateral shares issue.
2. I have always agreed with RD when we talked about it that there has been a lot of manipulation and shorting and what not besides the dumping in the last 9 or whatever months. Afterall that's what MM's do. Any covering could come from anywhere at any time.
3. I know everybody is now super happy again because the stock is not at 30 but at 70 cents again. Truth is, we have seen plenty of these short lived rallies in the last 9 months, just look at the chart. It's not unusual at all to see such a rebound after such a devastating fall lately. Remember it was me who came out in the low to mid 30's here on this board and called an exhaustion in selling for the short term. So it's certainly not surprising for me. Indeed the article came unexpectedly and interfered with this and I thought it will have a much bigger effect on that day in Oslo but that didn't happen.
4. I'm not interested to argue with anybody who thinks this time it's different and that it's a not only one of these upside corrections but much more and a real change in direction. Anybody can have it's own opinion about that. It's possible of course. For me it's pretty clear. SIAF needs to show me something of substance before I will become a holder or believer again. Until then I will treat it as a trading object and that worked well for me in the last 12 months. Certainly much better as if I only had bought and bought and bought and held. So far this rebound isn't driven by any fundamental reason or any shareholder friendly decision or anything else. Now if the stock goes above the MA100 on a closing basis and stays there, the overall picture will certainly get more interesting in my personal opinion. It couldn't do that for a year now. Also not on any of the rebounds.
5. Regarding your theory that this must have been a short covering rally the last 2 days. Well, who knows. So was it also short covering the last 5 times we had short lived rallies before we made new lows in the last 12 months? Since we haven't gotten any of the stuff we are waiting for, for example the loan or the divi or a good Q4 or what have you, I don't see the need for a short to cover like crazy today. The situation is like this IMO. The downside was exhausted. In the beginning today there were zero real sellers so they took it up to 70 cents on about 30-35k shares. A CDEL buyer with 30k shares or so was chasing. So there you have it. Of course MM's could have covered since they constantely go short as you know even if only for a few days so that might have also been a factor.
6. Since Materialmind asked earlier today. Yes I own shares at the moment. Obviously I bought in the 30's when I made my statements here and I still hold from there, not all of them but most.
Now back to the masters, Stenson is looking good!
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