IMO, today is the day a lot of the short selling is being covered. The repeated hits to the bid that we all saw in the past few days were not just panicky retailers. However, this buying is not just covering, it is also some going long. We still need to have the majority of these buyers and current shareholders with a positive outlook on GNH. IMO, they really need to do their DD and understand the risk/reward measures of this company. From my calculations, considering all factors I know of, the potential reward outweighs the risk. There are no guarantees in investing, only calculated risks.
Maybe we can get a report on who is buying up these shares. The more companies that are buying now that weren't selling before the better (they are going long as opposed to covering their short).
This was the perfect stock for those going short. Huge anticipation coupled with a large runup + a NR that was good but questionable + the nugget effect + the venture exchange = great opportunity to run the SP down and make around 50% on their money.
Reading the latest NR was a breath of fresh air. Very well written. GNH has responded and put something out to the market to better explain the property, weather the storm, and gain positive sentiment.
The higher the volume today the better. Today's candlestick, so far, body looks like a short-term reversal.
Happy investing,
Jordan
