RE:Surge stock is being churned like butterThe US OTC short report shows over 70K shares shorted there yesterday. How many on the TMX? We don't really know but the "anonymous" trades suggest at least some, if not a lot.
So far today on the TMX, the same: Looks like a huge short right out the door; although this can only be speculated on based on who is trading; as Canadians are not allowed to see the short trade on a daily basis.
Oil is holding at US$71; and all the signs point at it staying elevated and perhaps even ballooning again. Which begs the question: What game is being played here?
We all know that, even more than commodity pricing, the dilly-dallying incompetence of the Trudeau regime has soured the market. But the former is dissipating and the latter cannot be sustained. Hard numbers at the end of Q2 will twitch the programs that seem to be all that most investors can read anymore. “Buy” lights are flashing and will flash faster. There is a sea-change coming. I would not want to be short when it does.