RE:RE:RE:hope BOD and management change soonI have the same question...same country, so if anyone at Elliot is reading this I have 120K shares to proxy to you.
MigraineCall wrote: No. Just the opposite.
By covering a short, you are buying, and that would drive the price up, not down.
There are obviously a lot of folks recognizing there is a lot of potential in Suncor, be it with new management, or management that is receptive to change by force. Elliot would not invest the time and money as an activist unless they see a great opportunity here for a substantial return.
I'd vote to support them when the time comes, although I have never voted with my shares before. This leads to the next question, does anyone know how I would be able to use my 60K share vote from here in Thailand? I feel this time it may be worthwhile to do so.
integrity11 wrote: IMO the main reason SU is down is due to the short players desperation to clear their accounts. They are in trouble and there are many short players in SU. They need to buy now before the Q1 results which in spite of iffy management are expected to be significant. The shorters/hedge funds are working together to try to buy enough shares to clear their accounts. The problem for these players now is there are not enough shares being sold to clear their accounts and near the end of the trading day the share price rises as desperation increases. This is my theory. I welcome comments.