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CAGI - Getting The SHORT End Of The Stick

CAGI experienced record volume today and the price of the stock went.... down? It makes you wonder why, as there has been no obvious selling of the issue until today.

The answer to who was selling came from a Guru Member who discovered that over 58% of the trades today were short sales, and knowing how these unscrupulous market makers work, these shares are most likely phantom shares. It has to be nice to be able to make something out of thin air and sell it. The problem with selling something you don't own, is what do you do when you have to buy it back for a substantially higher price?

Market makers who shorted VCTY should be able to answer that question. Those market makers were shorting VCTY to no end at $.0013 to $.003. Guess where they had to cover their ill-advised short positions? I'll give a hint... VCTY hit $.0265 a share.

CAGI has a very tight share structure. The stock has recently been reactivated as the gold bugs have come out of the woodwork. CAGI is looking to capitalize on this. Their recent press is pasted below for your reading pleasure.

When CAGI was actively traded it exchanged hands at over $.03 a share. With some new found interest and some market maker covering this stock could be heading higher from today's $.0012 close. Keep it on your radar.

via.... http://pennystockgurus.blogspot.com/2010/03/ style='background-color:yellow;'>cagi-getting-short-end-of-stick.html