OTCPK:NCNNF - Post by User
Comment by
xelanitramon Apr 27, 2019 11:16am
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Post# 29678753
RE:RE:RE:RE:There has to be some news soon
RE:RE:RE:RE:There has to be some news soonrun33, That's a good theory except that it contradicts the IIROC Consolidated Short Report for the period. In the two weeks leadind up to April 15, all but 1.2M short positions were covered (i.e., 7M covered during the period). Hence, there were minimal short positions leading into the bottom. Hence, warrants are not being used to cover shorts, because there's practically none to cover. I'd suggest that both the run up (steepest part), and down, were largely due to retail investor pile-on, then sell off. Obviously, there was some shorting, too...but it's already covered