Post by
clubhouse19 on May 02, 2023 11:27am
Short trades last 2 weeks of April
2.3 million shares shorted or 26% of total.
average of 230k shares shorted per day.
I would think the majority of those were shorted between april 24 and 28 as I previously indicated the overwhelming sells by Anon 1 in that period.
The % of total volume aslo went up considerably during this period from the last which was 17% near a 50% increase.
..
Comment by
clubhouse19 on May 02, 2023 12:01pm
When you can naked short which is equivalent to counterfeiting, it don't really matter what the demand is even though it makes it a little more complicated to cover. You have no institutions holding this stock in funds thus the common shareholder has absolutely no leverage against the shorts to keep them at bay. That is why I mostly trade this stock as I have done this AM
Comment by
Truthifest on May 02, 2023 12:46pm
Classic Buffet quote. I'm confused by yours, tho, as it contains contradictory parts: "in Bombardier's case I fully believe the 'greedy when others are fearful' applies here, with all the good news lately."
Comment by
Truthifest on May 02, 2023 12:50pm
Wish there was an edit function here, lol. Oh, and I believe Buffet's comment was regarding giant moves up and down, not a, say, 10% move in a week. More like the immediate post-RS period, or the fall of 2021 period when folks thought 7500 Globals were going to fly to the moon.
Comment by
MyNameIsNobody on May 02, 2023 1:02pm
Well... I might have missed something because I don't see any contradiction here. I meant 'Be greedy when others are fearful'... with Bombardier because the sp dropping when there's mostly good news means that some are fearful. Could also mean other stuff, after all there are tons of quotes of all sorts that are available to prove a point... lol
Comment by
Truthifest on May 02, 2023 1:26pm
Yeah, it's like stats, u can find something to support ur position. Buffet's comment was in regards to extremes, which is not BBD's current situation. There was an extreme situation, tho, right after the reverse split, regarding fear. And the opposite happened fall 2021. Currently, there's basically a balance.
Comment by
clubhouse19 on May 02, 2023 1:45pm
Maybe I commented on the wrong post as mine really had nothing to do with Buffet as I am sure he has nothing to do with the Bomber nor in any of his remote thoughts.
Comment by
Truthifest on May 02, 2023 2:28pm
Nobody, just pointing out you're Buffet quote is misapplied. Simple as that.
Comment by
clubhouse19 on May 02, 2023 1:58pm
Interesting comment that it could be counteracted by demand ?? Could you see where you can find 2.3 million shares buying to counteract those 2.3 million shorts in 10 days..?? Stats are surely the inconvenient truth. I did not have to look for them as they are there for all to see for those that bother.
Comment by
clubhouse19 on May 02, 2023 2:54pm
You think it's a balanced playground ? That's the way you make it sound like as if thjey are playing by the same rules ?? ie ..Can you counterfeit shares at will ??
Comment by
Truthifest on May 02, 2023 2:57pm
? That's not what I'm saying at all.
Comment by
Shamhorish on May 02, 2023 12:18pm
IMO, INVESTORES WHO USE STOP LOSS are giving the markets guaranteed and easy way to cover their short example if x sh p. traded at $62 many investores had set stop loss at -5% (58.90) shorter can drive share price down below 58.90 and automatically get shars at $58.90 so, if there is a demande for x share and investores stop using stop loss, will make it a bit uneasy for shorters
Comment by
clubhouse19 on May 02, 2023 1:01pm
Not a coincedence that anon 1 has turned into buying as now the spread between the sells and buys has narrowed considerably. Buying now more than they are selling following the shorting this AM.