RE:RE:RE:RE:RE:RE:RE:RE:RE:Short Selling May 31 to June 15Last week of 2nd quarter this week so there has already been a lot of institutional window dressing. Small investors selling 10k shares at a time doesn't move markets. If big institutional guy that subscribed to the convertible debenture wanted to hedge some risk, they short shares and go long the debenture a very common thing to do in the markets. It took him selling it down to 50 cents for an equal amount of new buyers to show up to buy those shares before this end of quarter window dressing (like me I bought some).
I've seen stocks like Suncor and Enbridge drop 5-10% in the 2 weeks prior to the end of a quarter due to institutions making their books look pretty and selling the 'losers' only to have those stocks go back up the two weeks after quarter end.....happens actually a lot.