RE:RE:break through!!!LetsGoBaby65 wrote: jerrytuts wrote: strong resistance at 1.40 CDN
Where??? I don't see that Breakthrough!!! Where is it???
Is the "fun" beginning yet?
Larger margin players may opt to cover, they may not, but they tend to trade in larger lot sizes and are obligated to buy out their positions to get out of their "short-position". Last short report showed 18 million in short so that's alot of shares to be bought out.
If you are not familiar with short-selling you should look it up, also be sure to do some reasearch on short-squeezes.
The status of the short-position and the numbers reported out by the company favor the long-hold IMHO. Day-trade if you like, trying shorting it if you think that will work to your favor.
Market Sets the Price.
Q