GREY:GYPHQ - Post by User
Comment by
red911on Jan 24, 2013 7:14pm
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Post# 20887349
RE: RE: shorts trapped
RE: RE: shorts trapped Unless you have access to a very expensive data subscription from the TSX the typical 'net short position' commonly reported tells you basically nothing. Say TD has a long position of 30M shares (held in various accounts)... and a short position of 25M shares (also held in various accounts)... this would show up on the 'net short position' report commonly available as a net short position of 0. Tells you nothing. In this example, TD would have to have a short position greater than their long position (say 40M short) for the 'net short position' report to post a net short position (10M in this example). Of course in reality the 'net short position' is just the aggregate of all 'net' house positions. That's not to say sittight does not access to the true short position here, quite possible he does. Of course none of this woudl include 'naked shorts' which I understand is more of a problem on the TSX than in the US. At least they are trying to curb it in the US by requiring reporting, etc. Nothing similar in Canada. It's like the wild west. Either way profits have a tendency to force many shorts to cover pretty quick.