Post by
Maxmoe on Feb 01, 2022 9:13pm
Hmmm
The last short report made no sense to me so I hope the next one will. I'll spare you my typical explanation about why the only short data that is reliable is the "as at" data reported twice a month by iiroc. But I surely wouldn't draw any conclusions based on averages of unreliable data. I'm still very curious about who bought all those shares that were "shorted". The 30 million increase in short position to Jan 15 from dec15, PLUS the 50 million Eric sold. Retail speculators/investors like us buying 100,000 a pop ? Or a shark and a lone wolf circling its prey lunging in for a bellyful one big bite after another?
Comment by
geric on Feb 01, 2022 10:17pm
Just wondering, would Nuttall short the stock after selling his position, thinking the sp would go down after he announced his exit?
Comment by
elducky on Feb 01, 2022 10:33pm
No. He isn't allowed to trade within 3 days of mentioning a stock for any reason. And his influence wears off in less than that.
Comment by
CandyC on Feb 02, 2022 8:04am
3 trading days? Or 3 days?
Comment by
Renofund on Feb 02, 2022 8:36am
clearly 3 trading days ... lol
Comment by
Maxmoe on Feb 02, 2022 12:22pm
He can't short this stock or any other stock. Ever. Rafi at canoe financial runs a hedge fund. He can and has shorted stocks. 2 years ago but not lately. Not sure about Ath but I doubt it, it's illiquid and could be halted any time for a takeover.
Comment by
ManitobaCanuck on Feb 02, 2022 1:01pm
Their tax losses are worth more than their current market value. Now own 0.2% of float of this baby .
Comment by
WhatsBestNext on Feb 02, 2022 1:37pm
Is this an actual rule somewhere? Says who? (genuine question btw)
Comment by
Maxmoe on Feb 02, 2022 1:41pm
There is no securities regulation of 3 days or any other deadline around a tv appearance. There are very broad regulations about manipulation of stock prices. Like pump and dump sweatshops as seen on TV or shorts that publish and spread false information intentionally. Definitely not applicable here.
Comment by
Maxmoe on Feb 02, 2022 1:50pm
It would be very unethical to do so and he would risk his career, reputation, and would be banned from any future appearances. For sure. So no chance he'd even consider this.
Comment by
elducky on Feb 02, 2022 4:53pm
He was on a podcast recently, saying he had strict rules about it, and can't trade anything he mentions on BNN, with the 3 days window. I don't know the specifics of the rule, if it's from regulators or BNN.
Comment by
byloselhir on Feb 02, 2022 9:35am
Surely at some point someone HAS to step in, i am surprised it has not been gobbled up by now, wouldn't it be cheaper to buy out ATH than looking for new resources for one of the majors, especially with the tax loss stuff they have?
Comment by
Nicholasgrit on Feb 02, 2022 9:48am
safe for a while as no one is looking for more resources right now......and by the time they do ath will be at a proper value point ie: 2023 $ 4-5 ....... everyone wants to address there debts and never walk through a bankers door again.....only then will fcf situations turn to divs, buybacks and some takeovers.... I estimate 3 years before takeoves start up again... opinion only