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(EMAILWIRE.COM, August 10, 2011 ) Belize City, Belize -- Xtremepicks.com famous millionaire making pick DEGH (+50,000) definitely caught the shorts off guard and threw in the towel pushing the price to $0.75 from their original sub-penny alert.
Xtremepicks.com feature gold play BRYN, is just as persistent and looks to have caught a few shorts with their pants down.
When shorts are desperate, you see some whacky trading including fake wall scares, walk downs, and false quote size. All tricks these short market makers will use to entice sellers to sell to them to cover - the best way to trade is to is to hold on to your shares and let them push up the price to your advantage.
BRYN continues to push off support level and with news that can trigger a breakout to retest recent highs. Don't stray too far, it is suspected this can happen any day now.
Xtremepicks.com have identified 2 different short groups on BRYN
They also have been monitoring the short volume situation identifying 2 different short positions stuck in BRYN with only 1 out - push the price up and cover.
What xtremepicks.com have identified is a new group of recent shorts caught off guard a few weeks back and from their original alert at $0.041. Xtremepicks.com estimate this first group of shorts are in for about 3-4 million shares short looking to cover their position.
This is just part of the good news, xtremepicks.com have also identified an even larger short group from the original run up in 2009 when it hit a high of $0.87. With an estimated 25 Million shares short volume recorded by buyins.net, this group still holds approximately 10 to 12 Million shares short.
Both groups looks to have an average short price of $0.20 and have been getting deeper by the day.
This on its own will soon trigger a short covering as BRYN continues to release significant updates. What was also discovered, is that there is only approx 8-9 Million in DTC (shares held by brokerage firms and eligible for short sellers to use to sell short). So, do the math - approx 14 Million shares short, and only 9 million shares available to be shorted - sounds like the shorts are in a bit of a predicament and are stuck big time.
Knowing this now, investors can gain a huge advantage - BRYN is just starting to unleash some monster press releases and shorts will be forced to cover. With not enough shares out there to cover their position - well it's anyone guess on how high this can really go - holding your shares and accumulating is your best bet for some mega gains.
Xtremepicks.com have seen it many times before in history, short will get burnt like what was seen on DEGH (+50,000%), LBSR (+2,500%), VW (Was worth more than Exxon), and now looking at BRYN to be the next major squeeze play of the year!
Get the latest research report from Direct Global Media (http://www.directglobalmedia.com) at http://www.xtremepicks.com/reports/bryn. Their last report on DEGH hit their $0.75 target giving members a 50,000% total gain tally and expect no less with this research report - when Direct Global Media put's out their research report, investors listen.
About Bryn Resources Inc.
Bryn Resources is a precious metals exploration company currently concentrating its efforts in Eastern Canada region holding 100% interest in Renfrew Nova Scotia that comprises of 62 Claims covering 2,480 acres, and 100% interest in Wine Harbour, Nova Scotia with rights to 53 mineral claims for a total of 2,100 acres. These claims have historically demonstrated their mineralization and in the period between 1862 and 1939 yielded 42,726 ounces of gold from 83,000 tons of ore, for an average content of 0.52 ounces per ton. Bryn Resources Inc. continues to seek partnerships in proven mineralization which are close to the production phase.
Xtremepicks.com your trading connection and remember to always do your own research, use stop loss orders to protect yourself, and book your profits when in a position to do so.
Xtremepicks.com profiles are not a solicitation or recommendation to buy, sell or hold securities and is not offering securities for sale. Verify all claims and do your own due diligence. Xtremepicks at times may buy profiled securities in the open market. Xtremepicks.com did not receive any compensation for the profile of BRYN. An offer to buy or sell can be made only with accompanying disclosure documents and only in the states and provinces for which they are approved. Click here to view the full disclaimer
Directglobalmedia.com
Max Gordon
6479227508
contact@directglobalmedia.com
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