Post by
marketsense on Mar 22, 2018 12:38pm
Short Covering
The good news is it looks like the shorts are covering but the bad is they are not being
forced to cover at higher levels. In other words they are getting away with murder and
once they have finally moved on the damage will still have been done and Crius will be
left to deal with the carnage. So will all the rest of us holders but maybe the NCIB once
it finally kicks in will help in restoring some confidence and get the s/p back up. Still not
enough new buyers out there to force the issue and that is the problem.
Comment by
gutfelt on Mar 22, 2018 2:52pm
This post has been removed in accordance with Community Policy
Comment by
StocknerdEQcool on Mar 23, 2018 10:54am
I am back in my short position with this stock. The NCIB buyback is a Huff-bluff.
Comment by
ronin1 on Mar 23, 2018 11:01am
I hope the NCIB buyback mayerialize and it is not a Huff-bluff! They annonced on Jan 30th! Shoulnd't be that long to get approval!
Comment by
Sukhi19 on Mar 23, 2018 11:08am
Since they said "intention", it is quite possible that it was supposed to be a "Huff- bluff". It reflected indecisiveness. If they wanted to do it, they should have simply applied for the NCIB. Shorts were quick to ponce on their dilly-dallying.
Comment by
Sukhi19 on Mar 23, 2018 11:13am
PS. However, shorts are also treading on thin ice. Crius is not required to pay the legal expenses in one go. They have the cash and can for sure buy back their units in good numbers which should somewhat restore the investor confidence.
Comment by
marketsense on Mar 23, 2018 5:46pm
Not to mention the fact of having to subtract any dividends form their profits if they hang around long enough. Somehow I don't think that is the plan but you now need enough sellers down at this level for them to be able to buy back. If shareholders were smart, why give them the opportunity?