People asking about price jumpThere is one of the largest short postions on the index with this company. They have bet big and are losing. Managment buying a big portion recently showed the street confidence and the shorters a hand to the face. Now there is short covering and don't know all the covering dates but some squeeze happening but could possibly get crazy.
I know this management team and they are amazing, and the right place at the right time. I was leary getting after such a run up, but I just took a postion due to this short story and great long term story. Good risk/reward, in my opion....
so those who want here are the largest shorts...
Top short positions:
| Lundin Mining Corp |
com |
LUN |
69,309,777 |
71,294,110 |
-1,984,333 |
| Manulife Financial Corp |
com |
MFC |
56,871,917 |
70,614,296 |
-13,742,379 |
| New Gold Inc |
com |
NGD |
55,161,618 |
55,406,738 |
-245,120 |
| Bombardier Inc |
cl B |
BBD.B |
47,946,864 |
44,795,555 |
3,151,309 |
| Celestica Inc |
com |
CLS |
41,410,190 |
41,621,514 |
-211,324 |
| Osisko Mining Corp |
com |
OSK |
40,914,744 |
40,949,157 |
-34,413 |
| Horizons BetaPro Oil Bear |
cl A unit |
HOD |
39,946,255 |
19,654,510 |
20,291,745 |
| Legacy Oil + Gas Inc |
com |
LEG |
35,074,652 |
34,989,935 |
84,717 |
| TransCanada Corp |
com |
TRP |
34,887,653 |
27,269,628 |
7,618,025 |
| CGI Group Inc |
cl A |
GIB.A |
32,588,159 |
33,020,107 |
-431,948 |
| Great-West Lifeco Inc |
com |
GWO |
32,240,879 |
31,576,942 |
663,937 |
| Enbridge Inc |
com |
ENB |
31,715,408 |
32,967,157 |
-1,251,749 |
| Athabasca Oil Corp |
com |
ATH |
31,425,058 |
31,484,593 |
-59,535 |
| Turquoise Hill Res Ltd |
com |
TRQ |
30,514,154 |
30,816,806 |
-302,652 |
| Element Financial Corp |
com |
EFN |
30,277,619 |
32,936,012 |
-2,658,393 |
| Barrick Gold Corp |
com |
ABX |
29,306,488 |
37,241,403 |
-7,934,915 |