Mick, interesting you mentioned the naked short issue. Last week, I had a fleeting thought that someone might short SGCR. I didn't act on it and decided not to sell. Thinking there's more bulls to run yet. I don't know ultimately where the share price will top out, but am thinking there's a new high to be reached. Thought she was on her way to a new high going back up and stretching to the $1.20 to $1.50 range. I never dreamed selling some 200,000 shares would totally wreck the share price. IMO, there hasn't been any really large selling volumes, at least not yet. That's why I haven't been too worried about selling.
Here's the 3 Year Chart:
I don't believe the big dog's have even thought about selling yet. Maybe I'm wrong, but I keep looking for selling volume's in the 2M to 3M range to indicate the turning point and would signal the strong hands are changing sides.
I believe we're on the rebound, let's see where she goes from here (0.70) up or down. I'm guessing back up.
This has been my logic all year long and I'm sticking to it. Please tell me, What Do You Think?
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