RE:RE:RE:RE:RE:RE:BREAK AND RUN IMMINENTI really believe that the impact of short covering is likely to be minimal.
Those with short positions do not cover just because a shre price is moving up.
The shares which have been sold short may be part of a multi-facetted strategy involvong option trades or a pairs trading strategy.
Over the last six months the Ivanhoe shares have doubled in price, and have traded a total of 287 million shareson the TSX. During this period the declared short position in Toronto has fallen by only four millions shares (from 13mm to 9mm)
At this stage I think the important thing is to focus on the great underlying fumdamental story of the company.
At Cdn.$6 per share, with a strong copper price and production not far ahead, this is a company which should attract a lot of buying interest in thee months ahead..