GREY:TSTIF - Post by User
Comment by
echo2on Jan 23, 2017 5:51pm
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Post# 25743865
RE:RE:RE:RE:RE:RE:Short
RE:RE:RE:RE:RE:RE:ShortAnd, just in case some are interested, there were another 110,000 shares shorted in the OTC market today, out of about 130,000 shares traded there. This again suggests short covering in the Canadian market accounted for about 20% of share transactions today and was very supportiive to the price.
Again, this short covering may only be getting started as the squeeze will really hit with positive news, adding to the woes of the 'poor wee' shorters unable to find enough shares to borrow, a situation being made considerably worse by some significant transfers of shares out of margin accounts and into cash accounts (where they will not be lent out by strong longs), as has been so wisely suggested by GoPats.
GLTA Longs! :)