Comment by
clubhouse19 on Oct 29, 2021 10:36am
Canaccord also has a good stake in hedge funds through castle ridge so not surprised that they be involved in shorting high numbers.
Comment by
georges44 on Oct 29, 2021 10:42am
As you can see in the whole month they sold 4,161,085 shares but@ they sold 4,026,946 yesterday and 32,135 shares in the rest of the month. Yes they are shorting the stock but not in the last month
Comment by
clubhouse19 on Oct 29, 2021 10:59am
Yup They started back selling at the 2.05-2.06 level.. They are clearly IMO shorting and cud very well be naked shorting.
Comment by
clubhouse19 on Oct 29, 2021 1:13pm
They are at 4.8 million selling now...so in 1 1/2 days over 9 million shares sold by canaccord that has been mitigated by being absorbed by the market..A plus if you are looking for positives
Comment by
Hedgetrimmer on Oct 29, 2021 1:25pm
Nice work club. I don't like it when Canaccord starts showing up, for me their presence is bad news, but I've been wrong before. Naked shorting a real possibility here too. Imagine borrowing and selling shares that you don't yet exist with a simple note to your broker saying your dog ate the order. Canadian regulators are ok with that.
Comment by
Hedgetrimmer on Oct 29, 2021 1:27pm
Sorry...should read shares that don't yet exist in previous post
Comment by
clubhouse19 on Oct 29, 2021 1:55pm
Kind of ironic that you cannot counterfeit money but you are allowed to counterfeit publicly owned company shares.
Comment by
clubhouse19 on Oct 29, 2021 2:08pm
Canaccord's activity Out of 1745 trades they placed only 47 were on the buy side today Likely the same yesterday
Comment by
Hedgetrimmer on Oct 29, 2021 3:50pm
Absolutely spot on. If you don't mind I'd like to use that comparison next time I talk with friends about shorting.