BCE Inc T.BCE.PR.Y

Shorts are covering

[traderlong2]

Don't be fooled from your shares
short update just out

Symbol	Issue Name	Shares	Net Change	Date
$BCE.TO	BCE INC.	11,775,482	-3,612,558	29 Feb 2024
$BCE.TO	BCE INC.	15,388,040	-1,077,833	15 Feb 2024
$BCE.TO	BCE INC.	16,465,873	-1,232,283	31 Jan 2024
$BCE.TO	BCE INC.	17,698,156	3,537,316	15 Jan 2024
$BCE.TO	BCE INC.	14,160,840	2,445,842	31 Dec 2023
$BCE.TO	BCE INC.	11,714,998	480,718	15 Dec 2023
$BCE.TO	BCE INC.	11,234,280	-864,141	30 Nov 2

[JoeBravo1]

Wow, shorts have covered almsot 5 million shares in the past 1.5 months. No wonder the 3:59 pm dumps to lower the share price.  Thanks for sharing.

[DeanEdmonton]

Spot on. There will be a whole lot more shorts covering with the Ex-Dividend date right around the corner. As a long time holder of BCE, I am very unhappy with the SP drop. Like I said earlier, very glad that I sold off most of them at $64, but now it is time to start buying them back. $14 discount and an 8% dividend on a Blue Chip communications company that is part of a three company Oligopoly

[Dibah420]

Curious isn't it that despite all those shorts covered since Jan 15, the shares actually tanked during the period   somewhere around $56 to $48!

[JoeBravo1]

That unfortunately is how shorts try to cover lower by driving the price down. Like many have noticed, the shorts manipulated the share price lower by dumping shares at the end of the day around 3:59 pm in order to have the price close at the low and creating panic selling. At any given time of the day, short traders borrow shares to drive the price lower and then try to cover them plus however

[YupnDump]

i'm missing my Atlantic CTV news at noon and week-ends...NUTS