GREY:TSTIF - Post by User
Comment by
echo2on Jan 26, 2017 6:17pm
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Post# 25761201
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Short
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ShortJust to update, there have been 500,000 shares of TSTIF shorted in the OTC market (+90,000 again today) since last Friday, likely lifting the short interest in the OTC market to about 4 M from 3.5 M. As I have previously noted the OTC short interest to go up in very similar numbers to the Canadian short interest going down, this continues to suggest >20% of the shares purchased in Canada are due to short covering. It will be interesting to be able to confirm this at the end of next week when the Canadian month end hard data comes available.
These shorters, (or what is left of them... ?2 M in Canadian market), are finally realizing their mistake and are continuing to walk away from their losing trade. What were they doing shorting this growing company with an incredibly positive future, anyway? Of course, when the share price does hit over $4.00, some of these gamblers will probably step back in (and out of the OTC market) and try the play again.
For now, the squeeze will only continue to tighten in coming days, if not for weeks, I suspect.
Don't sell. Don't lend out your shares!