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China Gengsheng Minerals, Inc. Message Board

  • chickenhatsdotcom chickenhatsdotcom Jan 7, 2011 11:33 AM Flag

    OT - CCME shorts are starting to cover beginning today ......

    Looking for a $18.36 close and then off to the races on Monday. Dump your CHGS bag and head to where the money's flowing in BIG TIME !! Have a nice day.

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    • CCME - thar she blows !! Massive number of margin calls for short-sellers in CCME over the weekend. Monday will be a monsterous day !!

    • not convinced that CCME -- a company I like and watch, but do not own -- is experiencing a short squeeze at this time, but will watch it. thanks.

      the problem for CHGS SHers at this juncture is the uncertainty surrounding the PP, and if it indeed gets closed. as of this morning when I checked again, there has been no filing to provide insight intothe details of the deal, and the devil is ALWAYS in the details....

      staying out until the dust clears. good luck to those with opposing views, especially jewelferret. I admire his conviction, but think that he is greatly underestimating the risk in the stock at this time.

      in any event, good weekend to all!

      • 1 Reply to floridahockeyman
      • I've watched every trade in the stock for months and understand how it trades. With the way the stock's trading today, there's DEFINITELY some short covering and probably just the beginning. With most likely 6 million shares short as we'll see on 1-11-11 along with more and more investors coming into the stock when there's basically ZERO shares to borrow for shorting any more, she's about to bust wide open.

        CHGS ? Total junk that used the pump and dump to dilute and the PP investors definitely took short positions as a hedge before ever agreeing to fork over $10 million.

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