Re: AUMN short position up slightly in USA

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Silverbull50

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Re: AUMN short position up slightly in USA

in response to

Re: AUMN short position up slightly in USA

mooseslayer

posted on Apr 12, 2012 01:56PM

You are absolutely correct--some entity is preventing AUMN from sustaining a rally above $7.30. What we don't know is whether that is a legitimate long selling via an algo (time or volume-weighted) program with an avg. price limit of $7.30, or a short determined to prevent the stock from a sustainable break above $7.30. Whatever the "program," this stock has mysteriously flat-lined all day since the opening metal rally. Oh, and the "official" shorts went up again....what a surprise!