GREY:ALARF - Post by User
Post by
BayStGuy2on Sep 03, 2017 3:19pm
335 Views
Post# 26652231
IMPORANT: Alaris Short report news is FALSE
IMPORANT: Alaris Short report news is FALSEI work in capital markets in Toronto and have some Alaris shares, so thought it was important to let everyone know what I learned.
I had drinks yesterday with someone from Alignvest. They've been short Alaris for years now. They are a hedge fund and don't publish public reports. This is an unauthorized leak by someone - didn't get details, but probably someone they shared their report with to make it seem fresh. Literal short manipulation to get the market riled up.
I wouldn't believe people on the internet either, but there is a way to prove my claim.
I checked the short interest that is updated biweekly, on my Bloomberg - most recently it showed 3.96% of float. Wait another 1-2 weeks before next release and I think you will likely see very minimal change, which means no new institutional short position was added.
This means the 400k volume that you saw on the down day Wednesday were retail investors selling/shorting the stock on panic and FAKE NEWS.