Lost its Shirt & Now its ShortsTwo days ago, Teck issued an earnings release with obvious omissions of debt and balance sheet details.
On that day, Teck charts showed clear downward pressure looking at $8 support on the earnings press release.
Was Teck, clearly baiting the shorts, who probably pressed the obvious short trade?
Knowingly, Teck halted the stock, for no special but positive news,
Teck obviously knew they had a conference call and a halt coming,
At the re-open, this caused the shorts to scramble, as they tried to cover their ass—ets,
Teck knows the above is of no concern to long term shareholders.
But if you’re a short player, you’re playing against Teck, and your fair game;
The above should be taken as clear warning; Teck has the ability to loose its shorts to the same propensity that it lost its shirt.