Post by
sunshine7 on Mar 07, 2016 12:54pm
Short Covering?
Today's increase is looking more and more like short positions closing. Will they try to hold the price increase in check? You betcha but will become more difficult as other buying interest is increasing.
Comment by
argentia77 on Mar 07, 2016 1:04pm
Shorts getting squeeeeezed
Comment by
select1011 on Mar 07, 2016 1:05pm
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Comment by
visionaryfool on Mar 07, 2016 1:07pm
It looks like Oil and Healthcare shorts are covering alright. Lets see how long this lasts! I hope this is at $50/share by April :D
Comment by
sunshine7 on Mar 07, 2016 1:15pm
Remember it was $57CD before the shorts started piling on at the beginning of the year. Today, we are closer to the first consolidated earnings report, positive tone from C-suite / analysts and no dirty laundry to do. I can only think that short covering and a positive earnings report will price CXR above that threshold in the near future (
Comment by
Itcanbe on Mar 07, 2016 1:16pm
$50 by April? How about by the end of this week
Comment by
Pj1958 on Mar 07, 2016 1:20pm
rock n rolling.... i agree $50 before the release of earnings... then it all depends on how much they beat forcasts by