TSXV:RHT.H - Post by User
Post by
norbu1on Feb 21, 2018 9:09am
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Post# 27592799
Some Short Data
Some Short DataHere is some free short data, current to Feb 16, 2018: https://shortdata.ca/?c=reliq-health%20technologies%20inc.-short-sales&sym=RHT.V
The dollar value of shorts at Feb 18/18 is close to that of Dec. 18/17. It did seem to flatten out the share price a little, but going forward, the s/p did rise.
So, yesterday's up/down share price seems to have been influenced by the shorting of the stock, it could also have been the decline in the Dow/Jones yesterday, which decline by a massive 249 points (nearly 10% or so) (https://www.cbc.ca/news/business - it is at the bottom of the cbc's page).
However, quality and performance will pervail in the long run. So, if you are a day flipper, you can make a little cash if your timing is right, but if you believe in RHT's projects for the next 3 years, this stock seems to be headed north of 5.00 and possibly 10/share.
Regardless if there is a correction in the markets, a best in class company will retain and even increase its value, especially in tough times. So, it is up to the individual investor to decide for him/herself if RHT has sufficient quality and if it can meet performance expectations. The next round of news regarding onboarding progress will help shape this picture.