I recently built a short position in GreenHunter Resources (NYSEMKT:GRH). GreenHunter stock has recently more than doubled from a low of $0.75 to a recent price of $1.48 per share. This rapid move, combined with numerous red flags, caught my attention. After more work, I built a short position and expect the stock may fall for some of the following 14 reasons:
1. The CFO recently resigned. This is never a good sign, and the fact that there was no immediate replacement named is an even worse sign.
He had also been Chief Accounting Officer of the "independent" yet tied-at the hip company Magnum Hunter (MHR), and left that position late in 2012. Magnum Hunter seems...
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