GREY:ALXDF - Post by User
Post by
goldopportunityon May 05, 2018 10:45pm
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Post# 27988147
Will PRB.v buy-out alexandria......
Will PRB.v buy-out alexandria...... or do they plan on something else? I think we may know next week or by the middle of the following week at the latest. How do I figure this? Well, the last considerably high short interest for PRB was mid-feb. One look at the chart will tell you what happened after that. But what makes this last 2-week short data reporting period (ending may 1) for PRB.v especially intriquing were (a) the short sale trades, and b) the % total trades. The may 1 data shows (a) at less than half the mid-feb #s and (b) about 80% higher. So that means substantially less # of short trades were making a substantially bigger bet on the short side in the 2-week period ending may 1.
I'm thinking that these current PRB.v shorts are made by pros. They have rightly or wrongly calculated that "something" will adversely affect PRB.v's sp. Will it be an aquisition? A financing? Something else? We don't know now, but I think we may know before the next short reporting at the middle of this month, or else these shorts may potentially risk a short-covering rally not too long after that. Is this pure speculation??? Comments welcome. So we'll see what happens. Jmvho.
goldopp