Petro One Energy Corp CUDBF

Negligible Short Position

[BumblebeeRR]

The short position on POP continues to be next to nothing. It is in fact down from earlier in October, as the numbers below will show. In other words, almost no one is willing to bet that this stock will drop significantly. Keep in mind these positions were current as of October 31st, when the share price closed at $1.32. We are now lower than that. If there was a good chance we would see the $1.00 - $1.10 range again as one poster indicated, I think we would seen the short position increase from Oct 15, not decrease. If no one was confident that the stock would drop (by an amount large enough to make a profit covering) when it was $1.32, then this would indicate that smart money and MM both feel the days of $1.00 - $1.10 are gone forever. So I would have to agree with Vanboarder that I don't think a drop to those numbers is likely. A move up is more likely in the works. How far up will be determined by the content of the upcoming NR, which is imminent. This would not be a good time to sell shares, for anyone tempted to do so.

As of	Short Volume	Change In Volume
31/Oct/2011	1,600	-2,000
15/Oct/2011	3,600	-5,800
30/Sep/2011	9,400	0
15/Sep/2011	9,400	-4,476
31/Aug/2011	13,876	-6,668
15/Aug/2011	20,544	-1,087,956
31/Jul/2011	1,108,500	926,896
15/Jul/2011	181,604	181,432
30/Jun/2011	172	-633
15/Jun/2011	805	-2,695
31/May/2011	3,500	-246,500
15/May/2011	250,000	175,000