RE:RE:RE:Corporate Espionagespike55 wrote: Only A fool invests based on takeover rumours. Nevertheless short covering is over rated, sometimes a large fund buys the tsx index and doesn,t like a certain company or a few so they short them on proportion. Example we have all seen millions of shares in banks shorted and their share prices keep rising. well its not an individual bet on the bank it may be a pair trade or shorted out of the index. Good luck my lambs...hahah
I agree. I think there are two things at work here. 1) OVERSOLD so it rebounded, and 2) Shorts covering (COS is if not the most shorted stock on the TSX).