RE:RE:RE:HmmmHoldrrrr wrote: HARJAY wrote: FYI - NOT MUCH SHORT COVRING MID TO END OF APRIL , WILL BE INTERESTING TO SEE BY NEXT SHORT REPORT IF SHORTS START COVERING AS MORE POSITIVE NEWS EMENATES FROM PYR OVER THE NEXT FEW WEEKS AS IT CLOSER TO THOSE TIMLINES COMING TO FRUITION IN LAST FINANCIAL BUISNESS LINES
Symbol | Issue Name | Shares | Net Change | Date |
$PYR.TO | PYROGENESIS CANADA INC. J | 1,811,967 | -35,085 | 30 Apr 2024 |
$PYR.TO | PYROGENESIS CANADA INC. J | 1,847,052 | 1,558 | 15 Apr 2024 |
$PYR.TO | PYROGENESIS CANADA INC. J | 1,845,494 | 5,346 | 31 Mar 2024 |
Yes, there's alot of shorts lol. They really walked the price down with all these shorts. Kind of a self fulfilling prophecy, just kept selling it down until they scared longs to sell also. At the end of the aggressive selling days, I'm pretty sure it was mainly just shorts dumping into the bid trying for a total collapse.
With low volume security they know, they can push it down with some decent money, they also know low volume stocks are easier to manipulate by bashing. Because, buyers are not in the thousands. So if you scare away 10 or 20 investors, it has a big effect day to day.
All things to note.
Also to add to that harjay you might find interesting, I read an article the other day that said,
The way it works is as they are shorting and bashing, what happens is normal long investors become frustrated also and angry, from hearing the bashing 24/7 and seeing the price drop.
So what happens is those longs finally give in, and sell at a loss. And in that very moment, they also just helped drive the price down more helping the shorters, and the shorters just gained a new helper. A new person that will bash with them, because they lost money. So they start joining in with the Bashers.
A perfect storm, that keeps compounding.
It was a very informative article.