Post by
CrazyTrader on Mar 06, 2024 8:35am
Short Report is out. Still shorting and covering between
the prefers. Shorts on the A,C,I,T's went up.....E,G,N,P,R went down. I believe ALL share prices increased over the period.
Shorts would most likely do much better by becoming Longs.... Buy and hold.
I'm guessing virtually all of the 300,000+ shares shorted on the T's are in the RED..... T's are digging themselve one big hole.
All just my opinion/view/thinking
Comment by
Carena on Mar 06, 2024 9:13am
Hi again, BPY is sitting on the bid and effectively has put a floor under the BPO prefs for now. The waiting game for the shorts, especially the T, gets more painful next week on ex-div day. Carena
Comment by
pierrelebel on Mar 06, 2024 9:35am
A quick look at the big picture as far as shorts are concerned: Adding ALL BPO preferred shares shorts at Feb 29/24 : 656,676 Change in the last two weeks of February: -8,423 Overall the changes are minimal except maybe for the "A" where the shorts are up 11,575 With the ex-dividend date a week away we may see some short covering in the next few days.