UEX Corp T.UEX

Short Selling actually helped Tesla recently.

[mangoe]

From Destinator  https://investorshub.advfn.com/UEX-Corp-TSX-UEX-17360/


Short Selling actually helped Tesla recently.

Here is another link courtesy of alibong888

How Short Selling can backfire

This is dear to my heart because I am greatly opposed to the Short Selling scheme. That said, there are only a few things that can really cause Short Positions to help a stock and I don't count on them though I do love drinking freshly squeezed orange juice.

Here are three things that can cause a runup.

1) Some awesome news comes out that attracts buyers to a stock that has a short position against it. Investors start to pile in and the Short holders have to buy back at whatever price the sellers are asking. This is why I tell people NEVER to place a sell order unless they really plan to sell.

2.) In the case of UEX, if the price of SPOT was to rise suddenly by $5.00 that would have the same effect as #1 above.

3.) In the case of UEX, the CoEX spinout would be considered to be a Dividend and that means that the ones holding the Short positions would have to PAY the dividends on the short positions that they hold plus any price that Sellers are asking on the day that the shorters have to sell. That can cause a MELT UP so long as there are NO REAL SHARES up for sale. See the links that I provided a few days ago to articles regarding short selling.

Don't get me wrong. I despise Short Selling and urge you all to fight for it to be banned. That said, while we are still being subjected to this practice, as long as somebody thinks that it is OK to short a Uranium Stock in today's environment, I have ZERO empathy for anyone caught holding short positions and I just happen to be craving a very large glass of orange juice. If Roger should decide to announce a spinout while there is a large short position, you could see the stock run up faster than a squirrel up a tree. I don't think he is ready just yet but until he is you can do something to help.

The short positions for UEX increased to 2.3 million shares as of Jan 31, 2020. Now would be a good time to pull all your sell orders. Don't believe that nonsense about placing your shares up for sale so that nobody can short them. That is an excercise in futility designed to help protect short positions. As long as Short Selling is allowed, there will always be shares available to borrow whether or not you put your shares up for sale.