RE:RE:Major Short Squeeze on the Pot Stocks.....Many Preferreds currently trade above their $25 call price just look around.
Last count, over 90,000 of the "C" were shorted. Combine that with the fact that these are not very liquid, plus a possible redemption call, plus Cenovus Equity added to the backstop.......
Shares for Shorts to buy back could be in very short supply!!!
Technically, there's no limit how high they can go. If shorts need to cover but there's no sellers, they have to pay whatever the market says..... The market is very very GREEDY.
All just my opinion.... But usually Shorts are very smart (atleast the "professionals") and probably have a "guarrentee" out somehow.
PLUS.... Look at DEBT in general.... PRICES GONE THROUGH THE ROOF!!!! Pushing yields down to near ZERO !!!! The 5 year Government Bond yielding only ~0.38% !!!
All just my opinion.
rad10 wrote: Why on earth would a debt instrument like a HSE preferred share rocket past its $25 call price?