Short positions ?18 Sep 2021 10:24
For what it's worth I bought a decent position in ORR yesterday, expect the market in the junior space to recover in Q4 as liquidity returns, the junior resource sector is bombed out, many stocks down 70%, the downtrend seems to be leveling off.
Saw this posted elsewhere, may be of help to those underwater currently....
m1sterx - 17 Sep '21 - 17:38 - 3259 of 3262
Unfortunately many novice investors were sucked into the market during the shutdowns, they had no understanding of market matters and shenanigans that occur at the spivs dealing desks, they are now taking 'advice' from anonymous posters suggesting they should sell (see LSE) fools and money easily parted comes to mind.
This stock has been a rolling short ever since the spike to 1.2p in May, remember market makers and brokers aligned to them do not have to declare their positions like other investors, they will also laser focus on placing dates and the cash position.
I believe the book can be circa 3% short of the issued equity at any time, this is considered to be a normal market function. The actual position is often based on the number of shares usually issued in historic placings - they close their short trade that way.
One will soon see how determined this management team are to break this cycle, will they capitulate and place stock or could they shock the market (and burn the shorts) by finding cash via other options ?
For those in the mire, it is NOT the time to be selling, no advice intended !
MrX
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