GREY:CLAZF - Post by User
Comment by
SeeDonRunon Oct 10, 2021 12:23am
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Post# 33992750
RE:Try Again
RE:Try AgainRed~One wrote: Would someone please explain how a short seller, or a day trader or a swingtrader could make money on CLAS when daily volume is low, volatility is low/non existant and the liklihood of big news is also low since the company have already made it very clear what the timeline is going forward.
If CLAS is under attack from shorts there must be some way to prove it
Naked shorting is not recorded day to day so won't appear on charts. Day and swing traders won't be set up to do naked shorting, only hedge funds and the like are. As well, once set up it's not a singular event rather a day in day out sort of deal where the pressure can be kept up for years even.
You ask for proof but really, given the prevelance of naked shorting amongst small Canadian companies and the fact they are not recorded day to day it would be surprising to find Claritas was not a target by some hedge fund. The fact that the share price was driven up upon us opening after months of being shut down is a pretty solid indication that there were a lot of short coverings occuring at that time.
https://magazine.cim.org/en/news/2021/regulators-to-take-steps-against-short-selling-en/