TSXV:CVM.H - Post by User
Comment by
Nastroon Mar 20, 2019 2:58pm
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Post# 29512612
RE:Short Squeeze?
RE:Short Squeeze?I’d have to say no. It was an attempted rally for sure but a genuine short squeeze would see it sure well past 40c and most likely to 50 or even 60c on high volume as the shorts are forced to cover. I think it will happen at some point in the near future for sure but we’re just not there yet. Really need some catalyst to change the market’s perception of the company for this to happen. Potential catalysts would be FDA, a major distribution deal, possibly a major financing deal or a big overseas deal or possibly Canadian Approval. The buying needs to overwhelm the shorts so they are forced to cover and become buyers themselves. That’s why short squeezes can be quite dramatic. Be especially so in a company like this one.