Post by
sollmg on Nov 16, 2020 11:28am
Short Sales
Shorts have been riding SP down in anticipation of staff exercising options/RSUs IMO. Short Sale report out this moring shows 21.7% of trading was short selling so 40% of trading. Seller cost ave for the last 15 days was $11.29. Looking at Canadian Insider selling has started. SP projections have Mid Dec for the lows. GLTA
Comment by
JackLambert on Nov 16, 2020 11:40am
10000 shares ? That's a lunch. Far far from compelling. I guess your Canada Bulls subscription has kicked in again?
Comment by
Torontojay on Nov 16, 2020 11:47am
that's pretty good. Not all of the options converted to shares were sold in the open market.
Comment by
lscfa on Nov 16, 2020 11:54am
Not all of the options converted to shares were sold in the open market = insider buying
Comment by
sollmg on Nov 16, 2020 11:59am
Insiders generally only sell enough to cover the taxes when exercising options but they seem to treat the RSUs as a cash bonus. The Company Employees in particular
Comment by
besttobe on Nov 16, 2020 12:04pm
The selling just started like any other year. As I remember all you posters don't like the phantom stock/employee comp plan. Look at your own past posts. Well, it is that time of year...and just started. GLTA
Comment by
sollmg on Nov 16, 2020 12:12pm
I should note that the SP charts have it climbing to new highs from the Dec lows. I also noticed the hedge funds have been two weeks ahead of the charts in their actions. GLTA