RE:good volumespeedy99 wrote:
clearly at an inflection point. we shall see what the end of the day trading looks like, and more importantly, how we proceed tomorrow after first quarter earnings, and after conference call, and into the balance of the week. Rarely see such a good set-up for a trade at such a discounted price
agreed.
not to mention the outsized short position - hoping earnings and the conf call spurs some covering on that front which could lead to a bit of a short squeeze and price momentum. we also have TSX Composite inclusion likely coming next month which will spur Index buying by ETFs and funds which follow the Index. US will follow in due course, as well.
lots of catalysts coming here! I have no doubt that we will be back closer to Li Ka Shing's $9.80 financing level in the short term.