You gotta be crazy not to buy ABX at these levels.
Oil is down = Barricks operation goes down
Gold = With Chinese new year coming, busy season for jewellers in China and every bank in the world printing and slashing rate, Gold is heading to 1450$ by June.
To still be 35% of the total shares short after this stock has gone down 70%, its uncalculated greed. Nothing can justify this unless this Company goes bankrupt. Whoever believes that DDD goes bankrupt, keep on piling up your short.
Just for easy calculation 35% of shares are short, 50% are institutional owned and 5% are owned by DDDs directors, so there is 10% of shares that are free to be sold or bought. This means that theres not enough shares to be sold to someone that wants to buy at this levels. If someone wants to buy 1 million shares at this stock, he/she would need a range of 3-4 dollar to fill that order due to lack of shares.