Varchild "Redeemed" regarding AgFEED Industries: Naked Short Selling?
August 25, 2008
– Comments (5) |
RELATED TICKERS: FEED
Turns out I was dead on correct to increase my stake in (FEED) from 187 shares to now 276 shares. I kept buying and buying the thing all the way down to $10.75. I still have some cash set on reserve if the share price keeps plummeting.
AgFEED Industries reports today that they filed a report to the SEC concerning their share price receiving Naked Short Selling action. *Yikes*
But, not a surprise! I suspected that and said so on Scottrade's Community Forums last week when I pointed out the unusually large short, share volumes on this particular stock via www.pinksheets.com. That website provides 15 day increments of short selling volumes for stocks.
I highly recommend that website whenever you are scratching your head over why your stock is falling.
In the era of Naked Short Selling.... It can be tough to keep up your spirits and to not panic.
Personally, I panic all the time. It's my nervous nature. But, I follow Jeremy Siegel's behavior science chapter on investing in knowing that when you have a good quality company and the share price is falling then that's a buying opportunity. It is not a time to panic and sell off your stake.
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