TODAY'S DISCOVERY, TOMORROW'S FUTURE

Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.

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Message: Re: Shorts...

Apr 30, 2010 02:43PM

I notice there is strong bid support all the way up to the spread today, and almost nothing on the offer. So if there is a large outstanding short position, they are going to have to chase to cover. I had a bid in for 16,000 more today at 24.5 and raised it to 25 cents, may have to just hit the market at the close to get filled. Personaly I could care less if we have news out this week or not. I look at the sentiment levels at rock bottom, which is a contrarian buy signal, and the risk/reward for the company as a whole. I think this stock will trade above 30 cents in May so getting in at 25 for extra shares seems like a good plan. I have held for 3 years and am willing to hold for 3 more years, as long as there is activity and the company remains funded to continue exploring.

cheers!

mike


Apr 30, 2010 07:35PM
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