Today’s trading Several million shares were shorted today . In fact right from the get go. This was not retail selling . Imo this was done by professional houses ( canacorrd and LJG were party to it ....just speculation on my part).
No wonder Canadian biotech companies directly ipo on the Nasdaq . They avoid Tsx exchanges all together . The naked shorting done today destroys all credibility for investors , companies and the exchange itself . Doug Loe shoukd be looked at . IIROC should investigate all theses trades to see who the proxy houses are shorting for .
There is no way this should gone down 25% today . It was manipulated and shorted purposefully in my opinion. News was very good and positive .
No legacy shareholders with large positions sold today . Nobody would dump millions of shares into the market like that at the open .
Elgin