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