Traxion Sab De Cv Ord Shs GRPOF

Wait! Is it board full of shooters now?

[Stocknewbie2017]

Guys! Is it too late for you to join the party now? You are going to lose your shirt pretty soon. By looking at short data, we have attracted more shorter than any other months. 38% trade last 2 weeks  were shorted. I really can’t wait for short squeeze. Hold your shares and it will pay offf

[stocktickler87]

Stocknewbie I agree with "hold your shares". I disagree with what you think is happening. But we are on the same team. I don't think there is 1 single shorter on this board. No one in their right mind in retail investing would short this stock. The 38% of trades shorted are coming from the deal makers of the 11.5 million dollar offering deal that will be closing on or about Feb 28

[LeafRider]

This post has been removed in accordance with Community Policy

[Jgrodych]

Can you explain how Echelon benefits from the SP being lower right now?  Isn’t the bought deal price locked in for them at this point?  I would understand if they were shorting well above $1 and then using the bought deal shares to replace those shorted shares at $1 each, but what’s the benefit of it being low now that they have their deal? I am long and have no intention of selling for

[stocktickler87]

Jgrodych. You are correct. I worded poorly (I called them the deal makers in my post). I mean the Underwriters of the deal between Echelon and TBP . Interesting read here considering what we have been seeing and why the Underwriters want to see $1 price going into the deal: https://business.financialpost.com/news/fp-street/bought-deals-are-the-norm-in-canada-but-they-arent-risk-free

[4evergreen]

Keep THIS is mind for next week! Very good post!