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Walter Energy, Inc. Message Board

  • goingupordown56 goingupordown56 Jun 27, 2013 9:40 AM Flag

    Shorting at this level is insane...

    If anything go long for the short term. Deals are made everyday in every stock where some big institution, mutual fund, whoever want to buy a large amount of shares at a specific price (say $10) To accommodate that the MM has to get the shares from people who own the stock. How? By getting people to sell on panic. I believe he has achieved his goal. A plus for the MM is he knows he is going to a certain price so he can short in all the down and make $$$. Richard Ney said this in the early 60's

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