from buenos aires - good posts, esp naked shorts
in response to
by
posted on
Jan 16, 2008 08:20AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
watching somewhat from the sidelines while in south america, excellent post, still very long myself. i have to laugh - ´be careful what you ask for´- i asked for another buying opportunity, and here it is!
there was a very good post two months ago about how the naked shorting flies under the exchange wire because the exchange only looks at the net at the end of the day - if there are enough borrowed shares at the end of the day to cover the shorts, the no problem - never mind that the naked short volume may be 10 times that.
the recession was like a train on the horizon with a huge pall of smoke rising from it, from a long distance and coming. i go to the various housing bust sites to track it.
I have no doubt in KXL itself. The geology is overwhelming. The monkey business by the shorts is to be expected. In fact, the strong floor above $3 is quite impressive considering. The low volume means that not many are convinced by the drop.s
My only question really is - can the KXL story be overwhelmed by major market events, e.g. the S and P (can´t find ampersand on this spanish keyboard) at under 1,000, or even back to 650'? Would hte KXL story win out anyways?