RE:RE:RE:RE:RE:New 52 week low ( #4 )argon12 wrote: Unlikely the shorts can do much more on the downside.
Nearly impossible to get a borrow and if you do the investment firms will charge 25%!
All the shorts can do is to try to cover their positions on down days in the market.
We'll see $40.00 again. I guesss you can trade for a couple of dollars but I think their is some big long term money coming into this name.
With borrow fees like that, short traders must really try to push trades quickly with high volume. I just don't understand how they can make a profit.
EIF bought and cancelled 233k-ish shares in the last two months which will definitely add pressure to them.
Either way, I hope it reaches $40, but not quite before I get my TFSA deposit in!
GLTA