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Message: The Shorts! What the heck is going on.

The Shorts! What the heck is going on.

posted on Oct 14, 2008 02:20PM

The stock jumps by 17% today and the shorts don't cover? Most of my portfolio did the same today and all of them were above average volume, but Kimber is below average volume.

There are still over 1000,000 shorts on Kimber. It just doesn't make sense that they wouldn't take profits (or at least some profits). 60,000 were covered around the beginning of Oct according to Mathew Hamilton.

Can anyone explain this? I just have this growing realisation that maybe the Canadian system really is rotten at its core where short sellers and mining stocks are concerned.

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