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The Company's Eagle Gold Project in Yukon Canada hosts a National Instrument 43-101 compliant Reserve of 2.3 million ounces of gold.

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Message: short selling and naked shorting

short selling and naked shorting

posted on Dec 30, 2007 10:17AM

for even more information and education go to our link library, hit the financial news hour website, scroll to DEC 22nd,  3rd hour, stream, or download the broadcast and or read the transcript, they have also included a link to a bloomberg piece in addition to their own.  it explains in plain English a horrible way that the stock can be heavily manipulated by naked short selling,overwhelming the system with phantom shares that do not even exist. holding shares helps to prevent this in many cases but not all. 

This perhaps happened to aurelian when their first huge positive drill results came in the stock was at around $2 then hit to the .40 cent range  while " someone" accumulated massive shares and scared the weak hands.  the stock movement has nothing to do with the fundamentals in what it should have been doing.

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