InvestorsHub Logo
Followers 4
Posts 824
Boards Moderated 0
Alias Born 09/10/2009

Re: None

Tuesday, 12/24/2013 12:32:53 PM

Tuesday, December 24, 2013 12:32:53 PM

Post# of 9445
I'm thinking out loud here, and would love to hear other's thoughts on this too.

We determined that our "big seller" was actually massively shorting AFYG. If that is indeed the case in regards to ATDF, it would seem they have several million shares in a short position, probably at an average price around .10. Agree? Disagree?

So these blocks they are putting on the bid to cover their position, 10K - 20K...they're nothing. At some point...and probably some point soon, they're going to have to cover at a heavier pace. Why not do that when the price is down in the .04's or .05's? If it truly is a short position, it would seem greed just shot them in the foot. Thoughts?