AltaGas Ltd T.ALA

RE: Investors on the wrong side of this market

[Vega1357]

bossu wrote:

Pity the investors on the wrong side of this market. There are still plenty of them out there.

As North American stocks have staged a remarkable recovery over the past few months, speculators have increased their short positions on U.S. equities to record highs. Short interest on S&P/TSX Composite Index stocks has barely budged since peaking around the same time the market bottomed out.
Short-covering activity also didn’t materialize in any substantial way in Canada, as it has in the past. Aggregate short interest on S&P/TSX Composite Index stocks stood at 1.4 billion shares in late May, which was just 5 per cent off its March peak.Investor enthusiasm for the stock market’s biggest casualties of the pandemic could be an indication of short sellers relenting. Data released early next week will show if short positioning has started to decline.

“If it has, we are probably witnessing the early innings of a short-covering rally,” Mr. Roberge said. And if that’s the case, the stock-market rally just got itself another source of fuel.

The run up of ALA and IPL share price might be the beginning of short covering we have seen hopefully for IPL and a beginning in the case of ALA .

You should have pointed out that you got the above content from an article in today's Globe and Mail -- that is all but the last sentence which doesn't appear in the Globe article and is something you added yourself.