LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

LSG Shorts

[deadlypup]

Is someone able to post what the short position was for LSG Sept. 15.

 

Thanks

DP

[stwatcher]

Short History Symbol Report Date Volume Change % of Float LSG - T 2012-09-15 4,408,718 3,003,305 1.06 LSG - T 2012-08-31 1,405,413 -392,447 0.34

[deadlypup]

Thanks for the post. I wonder if byebye's friends, with the "bad news", are part of the shorting that is going on. I wonder if byebye is part of this too. I wonder how high the sp would pop, if we manage to get up over $1. It would be interesting to see.   DP

[basemetal]

the short selling may be the result of hedging of the new convertible debenture... shorting the common to hedge the debenture and increase the yield.    As no shorting is allowed at prices less than a dollar I doubt whether  prices over a dollar will result in a "pop"..... We are more likely to see more shorts.. However perhaps they will support the stock against any

[stwatcher]

Totally agree thats whats happening.

[lowpickr]

"As no shorting is allowed at prices less than a dollar" Nonsense - just because your broker doesn't allow it, doesn't mean no one else allows it. That rule is basically a best practice followed by many discount brokerages with retail accounts. Funds can short what they want as long as they can borrow the shares. See this week's largest short increase/decrease reports - lots

[basemetal]

Yes.  I have confirmed that it is a rule of my discount broker not to allow shorting at a price less than one dollar.  I have been known to be mistaken before......... and maybe will be again !  Sorry.

[jamesg00]

Okay, we are being shorted.  The question is:  Do the shorts know something that we (I) don't?   Most likely, it will take news or a quarterly report to answer the question.   I know a lot of people are hurting in this stock.  I guess the lesson here is that buy and hold doesn't always work well in this age of no uptick shorting and big time market manipulation

[basemetal]

IMHO There are two separate businesses at work here.... the business of mining and the business of stock jobbing,  The latter came into existence when a syndicate of banks bought over 100M of shares from Hochschhild for resale to the public.The price paid by the syndicate suggests that they knew nothing that wasn't already known by us. And that still pertains today. At a difficult time, a

[basemetal]

According to Nasdaq statistics, LSG had approximately 12 Milion shorts as at 31st  August.  This represents stock that has already been sold.   Aren't they therefore potential purchases, latent demand?........... Does anyone see them as a sign of weakness ? Perhaps I am naiive, but if shorters drive the stock price further down they are simply making a cheap stock cheaper.  

[goldeagle1]

Lake Shore Gold Reports Strong Second Quarter Results TORONTO, ONTARIO--(Marketwire - Aug. 9, 2012) - https://tmx.quotemedia.com/article.php?newsid=53410484&qm_symbol=LSG

[basemetal]

In my last post I pointed out that according to Nasdaq stats LSG had 12M shorts as at 31st August.  The latest figure shows a reduction of 1.3M in the two weeks to 14th September.  Hedge shorting might well restrain the upside, but the buying back of shorts sure restrains the downside too.

[bosse]

On Stockwatch , 2012 /09/15, 4,408,000 shorts,an increase of 3,003,00 or 1,0% from 2012/08/31 Difficult to follow those shorts interest.Not even a one day trading session.(STOCKWATCH) Not so bad as far as I'm concern. They will have to cover soon,probably at the end of next week when prelimineray production output are going to be released and hopefully good result.  

[waltersobchak]

1% short interest means nothing