GREY:TSTIF - Post by User
Comment by
echo2on Apr 01, 2016 2:10am
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Post# 24718580
RE:Very quiet here...
RE:Very quiet here...It is difficult to make much of the sp dip (brokerage buys and sells - thanks so much Fraser for posting!!) following the cc. Some obviously were looking to the cc for more specific numbers and more positive news, (you have no doubt read the criticisms expressed here), but management seems very upbeat and positive. Leede (68) was the big seller up until the open yesterday and the sp has started to recover now that this seller has exhausted their holdings, (or, at least, one can hope they are done as they were persistent sellers since the cc). As has been noted, MS (53) has also interestingly reversed course and started buying for a change, (some have suspected they might be related to the shorts, having relentlessly beaten down the sp selling 100-300 shares into the ask for 4-5 months). (Again, reading these tea leaves is of questionably value.)
But, there has been very little apparent short covering, and, as the sp continues up, some of us have predicted a significant short squeeze. The short interest to the end of March will be an interesting number. I hope someone will post it.
Some of us are also expecting more very significant positive news in the run up to the AGM May 4.
GLTA
WKH