would be a good idea to investigate security fraud relevant to SWC as well. 12 million short on a stock which has no way to go than up... Maybe MF Global left over short position, or the next MF Global? This stock is manipulated as the entire commodity market.
I can't call it on SWC today. But I do know the volume is down today. I am not sure what the reason is.
Today the market went up big, tommorow will be a test for SWC, to see if it can move with the market.
I am not sure why no big movement today.
it's called "drive the small guys out", the higher the expectation the more likely guys sell just before break out. I don't buy the tax loss selling idea, whoever was holding SWC and saw the value go half most likely sold months ago, it rather looks like some sort of manipulation game to me, big guy controlling the sp to gobble up shares from weak hands. I am not selling at this moment and wait for much higher sp.
"tax loss selling "
At first I discounted that as a possibility because anyone who liked the stock and wanted to buy it back on a wash sale, probably would have sold before this, but there may be some who are selling here and will not look back, well, until it hits 20..
Regardless, the market could run through the week and SWC could float up with it.
could not agree with you more, Dow up 300 points, Platinum up $24, Palladium up $15, SWC up only pennies, looks like a crime to me, well whatever $12 at the close would make sense, either way short squeeze ahead
I'm sorry but I can't do this again. Sticking with a stock that only rises 3% on a dow 250pt+ day? that is just plain stupid. If we break 5% I'm selling all my shares that are in the money...