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Message: Another short story from Jim Sinclair

Another short story from Jim Sinclair

posted on Feb 29, 2008 04:33AM
The hedge funds have been short the juniors and long the majors, resulting in overpricing the major and violently under-pricing the juniors. The shorts continue their campaign by selling usually near the close on relatively light volume to attempt to make many issues look bad. All you need to do is look at your junior in question on a 9 or 18-minute chart and check the volume of each bar. The operation at hand will scream out at you when compared to the total volume on the day. Low volume selling within minutes of the exchange closing followed by even more miniscule selling on the electronic after hours are a dead give away someone is working hard to paint a picture by NOT SELLING TO SELL VOLUME, ONLY TO MOVE PRICE. They will get burned. You can count on that. Any issue doing well on the ground should not be bothered at all by both legal and illegal shorts. The undervaluation with gold running towards $1650 will burn them. I have been spot on regarding gold and will be spot on regarding this issue. I am open to wagers. A company that has in-ground assets rising in value should love the short that gets increasingly short as that will ultimately benefit the situation. The short is pushing their luck at this point. Regards, Jim
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