RE:RE:Short spike At this point I wonder if it will matter the availability is very low. Most of the action until recently was to drain the American NYSE pool of available shares to short and now the shorts have had to move to the TSX to continue.
I think it's actually in our benifit now for the shorting to continue as it puts the shorters in a more dangerous position. Once the stock starts to rise the buy pressure from the shorters will cause a larger upswing as the demand for shares increases dramatically.
yesterday was a huge short day. But we saw buyers respond and absorb the flood of supply.
my thinking is if the shorters stop flooding the supply the demand pressure will cause this to rise naturally.
the intrinsic value is up in the 60s. This is selling at a deep discount due to sentiment souring, but this is a cyclic stock and when sentiment returns to positive we will see the recovery.
shopify was at less than 40 due to negative sentiment and now it's 4x that.
ac was at 15...
Bitcoin was under 20k...
when the shorts choose to buy back and that pressure amplifies the returning sentiment then I would be surprised to see an oversized recovery the upper end of the model the best case is up at $89
https://www.alphaspread.com/security/tsx/bce/summary