RE:RE:RE:RE:RE:shaping upruben12345 wrote: Marcel7 wrote: It really seems as if the shorts are intent on holding this at no higher than $40.00-$40.10 Canadian.
They are willing to sell to anyone buying at this level. So unless we really see some higher buying volume and pressure, or they give up on that target, I think we don't see it past that threshold today.
Overall however, if makes me pretty confident in the stock. The only thing holding it where it down where it is at the moment is the short pressure. And they have to cover at some point, us longs can just wait them out.
Marcel
why would shorts wait till earnings release? We know its going to be prettig good. That Will squeeze them
a tactic they will use is to establish a short position and then short heavily into a news release, making good news look bad in hopes of changing investor sentiment. If they are successful, people will just want out of the trade and propel selling to the downside.