RE:RE:RE:RE:RE:Shorts are making a killing...can you show medaveinmiss wrote: Thanks Health, Your post was informative to me. From what I read, shorting can have its challenges at times.
Of course, I have absolutely no control or influence on Mr. Hulot but hopefully that will not deter any other short, who wants to offer their insights with their specifics or more general tactics
Yes, shorting (retail, at least) definitely has challenges. And the more bearish a stock is, the higher the cost of borrow is. I don't know if this is different for institutions .. maybe rad can offer some color on this. There was one time this year when there were no shares to short (anywhere it seemed, both CAD and US) and word was that Cohen was controlling it as a short box to his equity. Given he sold out in the fourth quarter (Point 72's large position over 5%), it was very possible that this was the case. If I were long, and a pumper on this bullboard, retail will not move the needle in this stage of the game. I would be concerned about Cinven dumping.. They are now
unrestricted and with the CMA investigation and the notarity they are getting for price gauging it wouldn't surprise me if they start dumping their shares. And that is a huge chunk of shares that I believe CInven are hedged behind the curtain since Dec 2015 when Concordia negotiated an extension of their earnout payment to Feb. Private equity is ruthless, figures out how to make money even when the companies they own are distressed ... and Dec 2015 when the extension agreement with Cinven was signed was when the red flags went up and fueled the short thesis and the short position started to build momentum.