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AgFeed (FEED) Addresses Naked Short Sellers - Stock up 17%

 Aug 25, 2008 03:38 PM UTC
Tradermark
Return Risk
-12.84% LOW
Analyst
Symbol Sentiment Start Return Closed
FEED n/a

Graphic_arrow1 Via Fund my Mutual Fund:  

AgFeed (FEED) is a small cap Chinese company that today took an unusual step. It's stock is up 17%. Now someone might say this is due to their reiterating guidance but as we have seen in this market that means nothing. They bought 4 pig farms - again I find that highly doubtful for a pop of that magnitude. But they put the naked short sellers on notice, and as those locusts scrambled away the stock is popping. It is quite a sad statement really - again I don't mind, nor should any investor mind, when they make a bad stock selection or bad news comes out and their stock drops. But as I watch some of these stocks on the regulation SHO list sit hammered for months on end, and then I watch when a company actually drops a warning shot against the naked short sellers - to see how violently the stock reacts - this shows you how 'rigged' things are in the small cap w...




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