RE:RE:I have never seen a short like this, all the shares drained!<p>
rixpix wrote: In all my years of investing I've never seen something positive come out of a heavily shorted stock. (Besides meme stocks in 2021)
There's a reason why BCE shares are this heavily shorted, and it can't be good but I have no clue what it could be.
IMO, 2 reasons I can think of are;
These shorts have all piled in because of something negative, something bad they anticipate BCE announcing. And that something will have a sudden knock down in price, creating panic selling, and allowing the shorts to buy lower and close their position.
Or, it could be one of the known short selling hedge funds, or a known short seller? Ie. Muddy waters?? I don't know.
Like I've said before, short sellers are, for the most part, intelligent investors. They don't just wake up and decide to short something without having some kind of fundamental reason.
We'll find out next week.
<br /> <br /> <br /> BCE I suspect is now 80M shares short for over $3 Billion. with a normal Buy pressure of 5M shares per day. 16 days to cover. In those 3 weeks that would double the normal buy pressure.<br /> <br /> once this thing tips to the positive it will be glorious for us holders...<br /> <br /> Nvidia and Apple also had fantastic bumps this year when their shorts closed...<br /> Shopify and Air Canada too...<br /> TransCanada pipeline...<br /> Scotiabank...</p> <p> </p> <p> <a href="https://markets.businessinsider.com/news/stocks/tesla-short-sellers-losss-donald-trump-election-tsla-elon-musk-2024-11">https://markets.businessinsider.com/news/stocks/tesla-short-sellers-losss-donald-trump-election-tsla-elon-musk-2024-11</a><br /> </p> <p> <a href="https://markets.businessinsider.com/news/stocks/tesla-short-sellers-losss-donald-trump-election-tsla-elon-musk-2024-11"><span style="caret-color: rgb(10, 10, 10); color: rgb(10, 10, 10); font-family: Tiempos, Georgia, Times, serif; font-size: 20px; -webkit-tap-highlight-color: rgba(10, 10, 10, 0); -webkit-text-size-adjust: 100%;">S3 Partners' managing director, Ihor Dusaniwsky, said the pain might not be over for Tesla short-sellers.</span></a></p> <p style="box-sizing: border-box; margin: 2.15rem 0px; font-size: 20px; line-height: 32px; caret-color: rgb(10, 10, 10); color: rgb(10, 10, 10); font-family: Tiempos, Georgia, Times, serif; -webkit-tap-highlight-color: rgba(10, 10, 10, 0); -webkit-text-size-adjust: 100%;"> "We expect continued short covering in TSLA stock due to the rally induced short squeeze which will force out many of the 2.4 million shares we saw shorted over the last month," Dusaniwsky said.</p> <p> </p> <p style="box-sizing: border-box; margin: 2.15rem 0px; font-size: 20px; line-height: 32px; caret-color: rgb(10, 10, 10); color: rgb(10, 10, 10); font-family: Tiempos, Georgia, Times, serif; -webkit-tap-highlight-color: rgba(10, 10, 10, 0); -webkit-text-size-adjust: 100%;"> Short covering in a stock acts as buying pressure and often pushes the price of a stock higher, as the bearish investors have to buy shares back to close out their short position once they throw in the towel.<br /> <br /> <span style="font-size: 1.25rem; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); -webkit-text-size-adjust: auto; font-family: Arial, Verdana, sans-serif;">That makes Tesla the third largest short behind only </span><a cmp-ltrk="Article links" cmp-ltrk-idx="1" data-analytics-post-depth="80" data-analytics-product-module="body_link" data-mrf-link="https://markets.businessinsider.com/stocks/aapl-stock" href="https://markets.businessinsider.com/stocks/aapl-stock?utm_medium=ingest&utm_source=markets" mrfobservableid="87cb2bef-379a-4bb4-954e-732023c7d577" rel="" style="font-size: 1.25rem; caret-color: rgb(0, 0, 0); -webkit-text-size-adjust: auto; font-family: Arial, Verdana, sans-serif; box-sizing: border-box; color: rgb(10, 10, 10); text-decoration-thickness: 1px; text-underline-offset: 2px; text-decoration-color: rgb(10, 10, 10);" target="_blank">Apple</a> and<span style="font-size: 1.25rem; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); -webkit-text-size-adjust: auto; font-family: Arial, Verdana, sans-serif;"> </span><a cmp-ltrk="Article links" cmp-ltrk-idx="2" data-analytics-post-depth="80" data-analytics-product-module="body_link" data-mrf-link="https://markets.businessinsider.com/stocks/nvda-stock" href="https://markets.businessinsider.com/stocks/nvda-stock?utm_medium=ingest&utm_source=markets" mrfobservableid="b70dd035-3b8d-4fa2-b179-9fe815d950ec" rel="" style="font-size: 1.25rem; caret-color: rgb(0, 0, 0); -webkit-text-size-adjust: auto; font-family: Arial, Verdana, sans-serif; box-sizing: border-box; color: rgb(10, 10, 10); text-decoration-thickness: 1px; text-underline-offset: 2px; text-decoration-color: rgb(10, 10, 10);" target="_blank">Nvidia</a><span style="font-size: 1.25rem; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); -webkit-text-size-adjust: auto; font-family: Arial, Verdana, sans-serif;">, which have $29.7 billion and $38.5 billion in short interest, respectively.</span></p> <div class="in-post-sticky only-desktop" style="caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); -webkit-text-size-adjust: auto; box-sizing: border-box; align-items: start; display: flex; justify-content: center; padding: 28px 0px; position: static; min-height: 328px;"> <div class="ad-callout-wrapper only-desktop" style="box-sizing: border-box; align-items: center; display: flex; flex-direction: column; padding-top: 22px; max-width: 100%; position: sticky; top: calc(var(--sticky-top) - 8px); width: 555px; caret-color: rgb(10, 10, 10); color: rgb(10, 10, 10); font-family: Tiempos, Georgia, Times, serif; font-size: 20px; -webkit-tap-highlight-color: rgba(10, 10, 10, 0); -webkit-text-size-adjust: 100%;"> </div> </div> <br />