McEwen Mining Inc (MUX)

[gandalf61]

hmmm...if the current data is correct... MUX short position is 16%...BUT...in reality, it's probably more than double that. Between Rob and the institutions, they own about 40% of the float. Whoever has been front running this over the last couple sessions probably owns most of what's left after regular retail long holders claim their stake. AND, who would possibly guess at the "naked short" position that nobody is allowed to address?? At this point, I don't know that there's anything left in weak hands.

Despite the rough go of this over the last year or so, MUX will get back on its feet. My price comparison under regular conditions, put this at about 2.50-3.00/share. Especially with gold knocking on all-time highs...it should be able to blow through that easily enough.

Anyway...a short squeeze would certainly prove pretty interesting...reading the HF's are "de-risking"...so it could be what we've seen over the last couple sessions could be those snakes quietly buying back in...seems strange we haven't seen more of a spike if that's the case. IMO

Another one with some pretty funky numbers over the last session was TRX... I have no clue what happened there....totally blew out sideways on Friday...halted a half-dozen times on AMTRADE.