Caseno's idea to force shorts to cover
in response to
by
posted on
Mar 03, 2008 03:44PM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Caseno, interesting idea - getting peole to put in unrealistic placeholder sell orders to lock up the float. I wonder if it has been made to work. The people on this board might total 5m shares - would that make a big enough dent? The collusion may also be illegal.
The stock TIE = Titanium Metals? that you said you'd done this with - it's not on Agoracom, and has almost no posts on st o ck hse. Is that for real that you and some others did something? Or is it theory? Let us know, maybe with some posts from elsewhere.
I once got squeezed (lost my whole position) in the cotton market, but one family there has 75% of the cotton buying front end. Classic. But I doubt you could get enough KXLers to squeeze the shorts. Correct me if wrong.
You might not even want to. The shorts will leave when they see a natural reason for the stock to go up, and then their buying will suck up the float, and boost the price even more. Patience.
Hate to say it, but shorting is a valid investment approach, although it and every other move can also be used to manipulate. The KXL short position hasn't changed a lot recently, so the short position is actually a contrary (= good) indicator.
It's true that the miners are up and KXL is down. It's like ripples in a pond - commodity up first, then miners, then exploration.
KXL is down right now for natural reasons. We zoomed up with enthusiasm and set a price based on actually having the gold. Now that reality sets in and we have to prove the gold is there, the price resets for that sequence of events.
I am not worried for KXL on its own merits at all - it's great. The general markets are set to tank more - subprime resets happen mostly in late 2008 and even more in 2011 (notice zero people here have taken up that thread in the past 6 months?), and that's a headwind. But all winds abate.
By the way, I see that chuckdog has provided some entertainment by flaming the st o ck hse board too. Bunfight!