Jitney is reputed to have "naked" short positions on a number of Canadian Jr mining stocks! Also, historically, His Nedness has been nicknamed by the financial press as "the Master Shorter!" Both of whom are interested from time to time in the price dropping! In SAN's case they may also be one in the same as He was reported by the financial press during the Eskay Creek play to have employed as many as 100 brokerage houses.
Not certain of the legality of "naked" shorting in Canada, but in the US of A is considered fraud.
No doubt we should have all been short at $3.99! (Sounds like the price of a rib steak after hours in Vegas! True to form, the sizzle wasn't here today! WHY? Possibly over cooked yesterday?
When the "cooks" range from colourful eccentrics, to careful analysts, to cheerful con men, to self-assured delusionals any thing is possible at any time!
After yesterday's performance, while $3.70 may be a tad rare, it is in fact the previous high making it still very palatable!
RUF
